Zhejiang Zhongxin Environmental Protection Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Zhongxin Environmental Protection Technology Group has a total shareholder equity of CN¥1.9B and total debt of CN¥391.4M, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are CN¥2.5B and CN¥606.9M respectively. Zhejiang Zhongxin Environmental Protection Technology Group's EBIT is CN¥333.1M making its interest coverage ratio 93.8. It has cash and short-term investments of CN¥773.2M.
Key information
20.5%
Debt to equity ratio
CN¥391.43m
Debt
| Interest coverage ratio | 93.8x |
| Cash | CN¥773.24m |
| Equity | CN¥1.91b |
| Total liabilities | CN¥606.87m |
| Total assets | CN¥2.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603091's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥503.6M).
Long Term Liabilities: 603091's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥103.2M).
Debt to Equity History and Analysis
Debt Level: 603091 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603091's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603091's debt is well covered by operating cash flow (65.5%).
Interest Coverage: 603091's interest payments on its debt are well covered by EBIT (93.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 04:50 |
| End of Day Share Price | 2024/12/26 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 Zhongxin Environmental Protection Technology Group Co., Ltd. is covered by 1 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 |
|---|---|
| Xin Li | Citic Securities Co., Ltd. |