Zhejiang Zheneng Electric Power Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Zheneng Electric Power has a total shareholder equity of CN¥82.3B and total debt of CN¥48.1B, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are CN¥147.7B and CN¥65.4B respectively. Zhejiang Zheneng Electric Power's EBIT is CN¥7.1B making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥19.0B.
Key information
58.4%
Debt to equity ratio
CN¥48.09b
Debt
Interest coverage ratio | -1.5x |
Cash | CN¥19.00b |
Equity | CN¥82.34b |
Total liabilities | CN¥65.36b |
Total assets | CN¥147.70b |
Recent financial health updates
Recent updates
Zhejiang 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¥41.0B) exceed its short term liabilities (CN¥30.2B).
Long Term Liabilities: 600023's short term assets (CN¥41.0B) exceed its long term liabilities (CN¥35.2B).
Debt to Equity History and Analysis
Debt Level: 600023's net debt to equity ratio (35.3%) is considered satisfactory.
Reducing Debt: 600023's debt to equity ratio has increased from 42.2% to 58.4% over the past 5 years.
Debt Coverage: 600023's debt is well covered by operating cash flow (30.3%).
Interest Coverage: 600023 earns more interest than it pays, so coverage of interest payments is not a concern.