Zhejiang Construction Investment GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Construction Investment GroupLtd has a total shareholder equity of CN¥10.4B and total debt of CN¥21.8B, which brings its debt-to-equity ratio to 209.9%. Its total assets and total liabilities are CN¥116.4B and CN¥106.0B respectively. Zhejiang Construction Investment GroupLtd's EBIT is CN¥1.2B making its interest coverage ratio -3.9. It has cash and short-term investments of CN¥6.9B.
Key information
209.9%
Debt to equity ratio
CN¥21.82b
Debt
Interest coverage ratio | -3.9x |
Cash | CN¥6.90b |
Equity | CN¥10.40b |
Total liabilities | CN¥105.96b |
Total assets | CN¥116.35b |
Financial Position Analysis
Short Term Liabilities: 002761's short term assets (CN¥87.2B) do not cover its short term liabilities (CN¥93.1B).
Long Term Liabilities: 002761's short term assets (CN¥87.2B) exceed its long term liabilities (CN¥12.8B).
Debt to Equity History and Analysis
Debt Level: 002761's net debt to equity ratio (143.5%) is considered high.
Reducing Debt: 002761's debt to equity ratio has increased from 204.2% to 209.9% over the past 5 years.
Debt Coverage: 002761's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: 002761 earns more interest than it pays, so coverage of interest payments is not a concern.