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$488.7M and total debt of HK$4.8M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are HK$776.4M and HK$287.7M respectively. China Energy Storage Technology Development's EBIT is HK$9.8M making its interest coverage ratio -1.7. It has cash and short-term investments of HK$271.6M.
Key information
1.0%
Debt to equity ratio
HK$4.85m
Debt
| Interest coverage ratio | -1.7x |
| Cash | HK$271.57m |
| Equity | HK$488.73m |
| Total liabilities | HK$287.69m |
| Total assets | HK$776.42m |
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
China 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$705.9M) exceed its short term liabilities (HK$272.7M).
Long Term Liabilities: 1143's short term assets (HK$705.9M) exceed its long term liabilities (HK$15.0M).
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 6.9% to 1% 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.