Zhongshan Public Utilities GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhongshan Public Utilities GroupLtd has a total shareholder equity of CN¥17.1B and total debt of CN¥8.1B, which brings its debt-to-equity ratio to 47.5%. Its total assets and total liabilities are CN¥30.3B and CN¥13.3B respectively. Zhongshan Public Utilities GroupLtd's EBIT is CN¥553.4M making its interest coverage ratio -1.1. It has cash and short-term investments of CN¥1.8B.
Key information
47.5%
Debt to equity ratio
CN¥8.09b
Debt
| Interest coverage ratio | -1.1x |
| Cash | CN¥1.78b |
| Equity | CN¥17.05b |
| Total liabilities | CN¥13.28b |
| Total assets | CN¥30.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000685's short term assets (CN¥5.1B) do not cover its short term liabilities (CN¥5.8B).
Long Term Liabilities: 000685's short term assets (CN¥5.1B) do not cover its long term liabilities (CN¥7.5B).
Debt to Equity History and Analysis
Debt Level: 000685's net debt to equity ratio (37%) is considered satisfactory.
Reducing Debt: 000685's debt to equity ratio has increased from 23.5% to 47.5% over the past 5 years.
Debt Coverage: 000685's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000685 earns more interest than it pays, so coverage of interest payments is not a concern.