Zhengzhou Coal Industry & Electric Power Balance Sheet Health
Financial Health criteria checks 3/6
Zhengzhou Coal Industry & Electric Power has a total shareholder equity of CN¥2.8B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 81.9%. Its total assets and total liabilities are CN¥13.3B and CN¥10.5B respectively. Zhengzhou Coal Industry & Electric Power's EBIT is CN¥506.2M making its interest coverage ratio 3.7. It has cash and short-term investments of CN¥2.7B.
Key information
81.9%
Debt to equity ratio
CN¥2.30b
Debt
Interest coverage ratio | 3.7x |
Cash | CN¥2.74b |
Equity | CN¥2.80b |
Total liabilities | CN¥10.46b |
Total assets | CN¥13.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600121's short term assets (CN¥4.3B) do not cover its short term liabilities (CN¥9.5B).
Long Term Liabilities: 600121's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 600121 has more cash than its total debt.
Reducing Debt: 600121's debt to equity ratio has increased from 47.5% to 81.9% over the past 5 years.
Debt Coverage: 600121's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: 600121's interest payments on its debt are well covered by EBIT (3.7x coverage).