Zhejiang Development GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Development GroupLtd has a total shareholder equity of CN¥9.4B and total debt of CN¥17.4B, which brings its debt-to-equity ratio to 185%. Its total assets and total liabilities are CN¥49.5B and CN¥40.2B respectively. Zhejiang Development GroupLtd's EBIT is CN¥1.2B making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥6.2B.
Key information
185.0%
Debt to equity ratio
CN¥17.36b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥6.17b |
| Equity | CN¥9.38b |
| Total liabilities | CN¥40.16b |
| Total assets | CN¥49.54b |
Recent financial health updates
No updates
Recent updates
There's No Escaping Zhejiang Development Group Co.,Ltd's (SZSE:000906) Muted Earnings Despite A 28% Share Price Rise
Nov 28
Market Cool On Zhejiang Development Group Co.,Ltd's (SZSE:000906) Earnings Pushing Shares 26% Lower
Sep 09Zhejiang Development GroupLtd's (SZSE:000906) Problems Go Beyond Poor Profit
Aug 30Zhejiang Development GroupLtd's (SZSE:000906) Dividend Will Be Reduced To CN¥0.35
May 26Financial Position Analysis
Short Term Liabilities: 000906's short term assets (CN¥46.6B) exceed its short term liabilities (CN¥39.7B).
Long Term Liabilities: 000906's short term assets (CN¥46.6B) exceed its long term liabilities (CN¥442.5M).
Debt to Equity History and Analysis
Debt Level: 000906's net debt to equity ratio (119.3%) is considered high.
Reducing Debt: 000906's debt to equity ratio has increased from 178% to 185% over the past 5 years.
Debt Coverage: 000906's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000906's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 13:59 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Zhejiang Development Group Co.,Ltd is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chen He | Chasing Securities |
| Xinrong Deng | Founder Securities Co., Ltd. |
| Xiaofeng Shen | Huatai Research |