Zhejiang Xinzhonggang Thermal Power Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Xinzhonggang Thermal Power has a total shareholder equity of CN¥1.3B and total debt of CN¥340.6M, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are CN¥1.8B and CN¥490.9M respectively. Zhejiang Xinzhonggang Thermal Power's EBIT is CN¥164.0M making its interest coverage ratio 248.4. It has cash and short-term investments of CN¥511.9M.
Key information
27.0%
Debt to equity ratio
CN¥340.56m
Debt
| Interest coverage ratio | 248.4x |
| Cash | CN¥511.88m |
| Equity | CN¥1.26b |
| Total liabilities | CN¥490.94m |
| Total assets | CN¥1.75b |
Recent financial health updates
No updates
Recent updates
Solid Earnings May Not Tell The Whole Story For Zhejiang Xinzhonggang Thermal Power (SHSE:605162)
Apr 02
Zhejiang Xinzhonggang Thermal Power Co., LTD.'s (SHSE:605162) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Mar 30Capital Allocation Trends At Zhejiang Xinzhonggang Thermal Power (SHSE:605162) Aren't Ideal
Feb 27Financial Position Analysis
Short Term Liabilities: 605162's short term assets (CN¥863.6M) exceed its short term liabilities (CN¥140.9M).
Long Term Liabilities: 605162's short term assets (CN¥863.6M) exceed its long term liabilities (CN¥350.1M).
Debt to Equity History and Analysis
Debt Level: 605162 has more cash than its total debt.
Reducing Debt: 605162's debt to equity ratio has reduced from 33.1% to 27% over the past 5 years.
Debt Coverage: 605162's debt is well covered by operating cash flow (67.7%).
Interest Coverage: 605162's interest payments on its debt are well covered by EBIT (248.4x coverage).