Zhejiang Zheneng Electric Power Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Zheneng Electric Power has a total shareholder equity of CN¥85.7B and total debt of CN¥46.4B, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are CN¥152.9B and CN¥67.1B respectively. Zhejiang Zheneng Electric Power's EBIT is CN¥6.4B making its interest coverage ratio -1.9. It has cash and short-term investments of CN¥19.0B.
Key information
54.1%
Debt to equity ratio
CN¥46.42b
Debt
| Interest coverage ratio | -1.9x |
| Cash | CN¥19.00b |
| Equity | CN¥85.74b |
| Total liabilities | CN¥67.14b |
| Total assets | CN¥152.88b |
Recent financial health updates
These 4 Measures Indicate That Zhejiang Zheneng Electric Power (SHSE:600023) Is Using Debt Reasonably Well
Dec 24
We Think Zhejiang Zheneng Electric Power (SHSE:600023) Can Stay On Top Of Its Debt
Jul 04Here's Why Zhejiang Zheneng Electric Power (SHSE:600023) Has A Meaningful Debt Burden
Mar 21Recent updates
These 4 Measures Indicate That Zhejiang Zheneng Electric Power (SHSE:600023) Is Using Debt Reasonably Well
Dec 24Here's Why We Think Zhejiang Zheneng Electric Power (SHSE:600023) Is Well Worth Watching
Dec 05Zhejiang Zheneng Electric Power (SHSE:600023) Is Doing The Right Things To Multiply Its Share Price
Nov 18Zhejiang Zheneng Electric Power Co., Ltd. (SHSE:600023) Looks Inexpensive But Perhaps Not Attractive Enough
Oct 18Zhejiang Zheneng Electric Power (SHSE:600023) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Sep 05We Like These Underlying Return On Capital Trends At Zhejiang Zheneng Electric Power (SHSE:600023)
Aug 15We Think Zhejiang Zheneng Electric Power (SHSE:600023) Can Stay On Top Of Its Debt
Jul 04Revenues Working Against Zhejiang Zheneng Electric Power Co., Ltd.'s (SHSE:600023) Share Price
Jun 13Zhejiang Zheneng Electric Power (SHSE:600023) Will Be Hoping To Turn Its Returns On Capital Around
Apr 16Here's Why Zhejiang Zheneng Electric Power (SHSE:600023) Has A Meaningful Debt Burden
Mar 21Zhejiang Zheneng Electric Power Co., Ltd.'s (SHSE:600023) Shares Lagging The Industry But So Is The Business
Feb 29Financial Position Analysis
Short Term Liabilities: 600023's short term assets (CN¥40.8B) exceed its short term liabilities (CN¥36.1B).
Long Term Liabilities: 600023's short term assets (CN¥40.8B) exceed its long term liabilities (CN¥31.1B).
Debt to Equity History and Analysis
Debt Level: 600023's net debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: 600023's debt to equity ratio has increased from 40.9% to 54.1% over the past 5 years.
Debt Coverage: 600023's debt is well covered by operating cash flow (34.7%).
Interest Coverage: 600023 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 10:17 |
| 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhejiang Zheneng Electric Power Co., Ltd. is covered by 15 analysts. 6 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 |
|---|---|
| Fei Tong | Changjiang Securities Co. LTD. |
| Yigong Tao | China Galaxy Securities Co., Ltd. |
| Jiani Liu | China International Capital Corporation Limited |