China Energy Storage Technology Development Balance Sheet Health
Financial Health criteria checks 5/6
China Energy Storage Technology Development has a total shareholder equity of HK$497.5M and total debt of HK$7.8M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are HK$798.1M and HK$300.6M respectively. China Energy Storage Technology Development's EBIT is HK$24.9M making its interest coverage ratio -2.7. It has cash and short-term investments of HK$293.0M.
Key information
1.6%
Debt to equity ratio
HK$7.84m
Debt
| Interest coverage ratio | -2.7x |
| Cash | HK$293.05m |
| Equity | HK$497.46m |
| Total liabilities | HK$300.64m |
| Total assets | HK$798.10m |
Recent financial health updates
Is Link-Asia International MedTech Group (HKG:1143) Using Debt In A Risky Way?
Oct 29
Health Check: How Prudently Does Link-Asia International (HKG:1143) Use Debt?
Dec 16Recent updates
Revenues Not Telling The Story For China Energy Storage Technology Development Limited (HKG:1143)
Sep 20Subdued Growth No Barrier To China Energy Storage Technology Development Limited's (HKG:1143) Price
May 13China Energy Storage Technology Development Limited's (HKG:1143) Popularity With Investors Is Under Threat From Overpricing
Jan 23Unpleasant Surprises Could Be In Store For Link-Asia International MedTech Group Limited's (HKG:1143) Shares
Apr 18Is Link-Asia International MedTech Group (HKG:1143) Using Debt In A Risky Way?
Oct 29Health Check: How Prudently Does Link-Asia International (HKG:1143) Use Debt?
Dec 16Financial Position Analysis
Short Term Liabilities: 1143's short term assets (HK$743.4M) exceed its short term liabilities (HK$266.2M).
Long Term Liabilities: 1143's short term assets (HK$743.4M) exceed its long term liabilities (HK$34.5M).
Debt to Equity History and Analysis
Debt Level: 1143 has more cash than its total debt.
Reducing Debt: 1143's debt to equity ratio has reduced from 7.5% to 1.6% over the past 5 years.
Debt Coverage: 1143's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1143 earns more interest than it pays, so coverage of interest payments is not a concern.