Zheshang Securities Zhejiang Expressway Balance Sheet Health
Financial Health criteria checks 4/6
Zheshang Securities Zhejiang Expressway has a total shareholder equity of CN¥3.4B and total debt of CN¥484.3M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are CN¥4.1B and CN¥631.6M respectively. Zheshang Securities Zhejiang Expressway's EBIT is CN¥45.1M making its interest coverage ratio 4.6. It has cash and short-term investments of CN¥474.6M.
Key information
14.1%
Debt to equity ratio
CN¥484.29m
Debt
Interest coverage ratio | 4.6x |
Cash | CN¥474.61m |
Equity | CN¥3.44b |
Total liabilities | CN¥631.59m |
Total assets | CN¥4.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 508001's short term assets (CN¥543.3M) do not cover its short term liabilities (CN¥595.5M).
Long Term Liabilities: 508001's short term assets (CN¥543.3M) exceed its long term liabilities (CN¥36.1M).
Debt to Equity History and Analysis
Debt Level: 508001's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 508001's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 508001's debt is well covered by operating cash flow (102.5%).
Interest Coverage: 508001's interest payments on its debt are well covered by EBIT (4.6x coverage).