China Southern Airlines Balance Sheet Health
Financial Health criteria checks 2/6
China Southern Airlines has a total shareholder equity of CN¥52.0B and total debt of CN¥116.2B, which brings its debt-to-equity ratio to 223.5%. Its total assets and total liabilities are CN¥309.2B and CN¥257.2B respectively. China Southern Airlines's EBIT is CN¥3.8B making its interest coverage ratio 0.7. It has cash and short-term investments of CN¥13.1B.
Key information
223.5%
Debt to equity ratio
CN¥116.22b
Debt
Interest coverage ratio | 0.7x |
Cash | CN¥13.09b |
Equity | CN¥52.00b |
Total liabilities | CN¥257.23b |
Total assets | CN¥309.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZNHH's short term assets (CN¥27.7B) do not cover its short term liabilities (CN¥129.4B).
Long Term Liabilities: ZNHH's short term assets (CN¥27.7B) do not cover its long term liabilities (CN¥127.8B).
Debt to Equity History and Analysis
Debt Level: ZNHH's net debt to equity ratio (198.3%) is considered high.
Reducing Debt: ZNHH's debt to equity ratio has increased from 69.7% to 223.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ZNHH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ZNHH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.3% per year.