Zhongshan Public Utilities GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhongshan Public Utilities GroupLtd has a total shareholder equity of CN¥16.9B and total debt of CN¥8.1B, which brings its debt-to-equity ratio to 47.7%. Its total assets and total liabilities are CN¥29.3B and CN¥12.4B respectively. Zhongshan Public Utilities GroupLtd's EBIT is CN¥542.2M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥1.6B.
Key information
47.7%
Debt to equity ratio
CN¥8.06b
Debt
Interest coverage ratio | -1.3x |
Cash | CN¥1.59b |
Equity | CN¥16.91b |
Total liabilities | CN¥12.36b |
Total assets | CN¥29.27b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000685's short term assets (CN¥4.2B) do not cover its short term liabilities (CN¥6.8B).
Long Term Liabilities: 000685's short term assets (CN¥4.2B) do not cover its long term liabilities (CN¥5.6B).
Debt to Equity History and Analysis
Debt Level: 000685's net debt to equity ratio (38.3%) is considered satisfactory.
Reducing Debt: 000685's debt to equity ratio has increased from 29.4% to 47.7% over the past 5 years.
Debt Coverage: 000685's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: 000685 earns more interest than it pays, so coverage of interest payments is not a concern.