Zhejiang Provincial New Energy Investment Group Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Provincial New Energy Investment Group has a total shareholder equity of CN¥18.5B and total debt of CN¥28.6B, which brings its debt-to-equity ratio to 154.3%. Its total assets and total liabilities are CN¥53.5B and CN¥35.0B respectively. Zhejiang Provincial New Energy Investment Group's EBIT is CN¥2.0B making its interest coverage ratio -5.7. It has cash and short-term investments of CN¥2.4B.
Key information
154.3%
Debt to equity ratio
CN¥28.61b
Debt
Interest coverage ratio | -5.7x |
Cash | CN¥2.42b |
Equity | CN¥18.54b |
Total liabilities | CN¥34.98b |
Total assets | CN¥53.52b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600032's short term assets (CN¥11.4B) exceed its short term liabilities (CN¥7.8B).
Long Term Liabilities: 600032's short term assets (CN¥11.4B) do not cover its long term liabilities (CN¥27.2B).
Debt to Equity History and Analysis
Debt Level: 600032's net debt to equity ratio (141.3%) is considered high.
Reducing Debt: 600032's debt to equity ratio has increased from 110.6% to 154.3% over the past 5 years.
Debt Coverage: 600032's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: 600032 earns more interest than it pays, so coverage of interest payments is not a concern.