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¥18.8B and total debt of CN¥28.7B, which brings its debt-to-equity ratio to 152.5%. Its total assets and total liabilities are CN¥55.3B and CN¥36.5B respectively. Zhejiang Provincial New Energy Investment Group's EBIT is CN¥1.9B making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥2.4B.
Key information
152.5%
Debt to equity ratio
CN¥28.71b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥2.44b |
| Equity | CN¥18.82b |
| Total liabilities | CN¥36.47b |
| Total assets | CN¥55.29b |
Recent financial health updates
Here's Why Zhejiang Provincial New Energy Investment Group (SHSE:600032) Is Weighed Down By Its Debt Load
Aug 20
Zhejiang Provincial New Energy Investment Group (SHSE:600032) Takes On Some Risk With Its Use Of Debt
Apr 30Recent updates
Slowing Rates Of Return At Zhejiang Provincial New Energy Investment Group (SHSE:600032) Leave Little Room For Excitement
Sep 24Here's Why Zhejiang Provincial New Energy Investment Group (SHSE:600032) Is Weighed Down By Its Debt Load
Aug 20Investors Continue Waiting On Sidelines For Zhejiang Provincial New Energy Investment Group Co., Ltd. (SHSE:600032)
Jun 27Here's What To Make Of Zhejiang Provincial New Energy Investment Group's (SHSE:600032) Decelerating Rates Of Return
May 31Zhejiang Provincial New Energy Investment Group (SHSE:600032) Takes On Some Risk With Its Use Of Debt
Apr 30Investors Appear Satisfied With Zhejiang Provincial New Energy Investment Group Co., Ltd.'s (SHSE:600032) Prospects
Feb 27Financial Position Analysis
Short Term Liabilities: 600032's short term assets (CN¥11.8B) exceed its short term liabilities (CN¥8.5B).
Long Term Liabilities: 600032's short term assets (CN¥11.8B) do not cover its long term liabilities (CN¥28.0B).
Debt to Equity History and Analysis
Debt Level: 600032's net debt to equity ratio (139.5%) is considered high.
Reducing Debt: 600032's debt to equity ratio has increased from 111.8% to 152.5% over the past 5 years.
Debt Coverage: 600032's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: 600032's interest payments on its debt are well covered by EBIT (3.1x coverage).