Henan Zhongyuan Expressway Company Limited

SHSE:600020 Stock Report

Market Cap: CN¥9.3b

Henan Zhongyuan Expressway Balance Sheet Health

Financial Health criteria checks 2/6

Henan Zhongyuan Expressway has a total shareholder equity of CN¥15.1B and total debt of CN¥32.8B, which brings its debt-to-equity ratio to 217%. Its total assets and total liabilities are CN¥51.2B and CN¥36.1B respectively. Henan Zhongyuan Expressway's EBIT is CN¥1.9B making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥476.2M.

Key information

217.0%

Debt to equity ratio

CN¥32.83b

Debt

Interest coverage ratio2.1x
CashCN¥476.17m
EquityCN¥15.13b
Total liabilitiesCN¥36.08b
Total assetsCN¥51.21b

Recent financial health updates

Recent updates

Returns On Capital At Henan Zhongyuan Expressway (SHSE:600020) Paint A Concerning Picture

Oct 09
Returns On Capital At Henan Zhongyuan Expressway (SHSE:600020) Paint A Concerning Picture

We Think Henan Zhongyuan Expressway (SHSE:600020) Is Taking Some Risk With Its Debt

Aug 01
We Think Henan Zhongyuan Expressway (SHSE:600020) Is Taking Some Risk With Its Debt

Calculating The Intrinsic Value Of Henan Zhongyuan Expressway Company Limited (SHSE:600020)

Jul 02
Calculating The Intrinsic Value Of Henan Zhongyuan Expressway Company Limited (SHSE:600020)

Financial Position Analysis

Short Term Liabilities: 600020's short term assets (CN¥6.7B) exceed its short term liabilities (CN¥5.5B).

Long Term Liabilities: 600020's short term assets (CN¥6.7B) do not cover its long term liabilities (CN¥30.6B).


Debt to Equity History and Analysis

Debt Level: 600020's net debt to equity ratio (213.9%) is considered high.

Reducing Debt: 600020's debt to equity ratio has reduced from 286.2% to 217% over the past 5 years.

Debt Coverage: 600020's debt is not well covered by operating cash flow (6.3%).

Interest Coverage: 600020's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


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