Zhongshan Public Utilities GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhongshan Public Utilities GroupLtd has a total shareholder equity of CN¥17.5B and total debt of CN¥8.3B, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are CN¥30.5B and CN¥13.0B respectively. Zhongshan Public Utilities GroupLtd's EBIT is CN¥531.7M making its interest coverage ratio -0.7. It has cash and short-term investments of CN¥1.5B.
Key information
47.8%
Debt to equity ratio
CN¥8.35b
Debt
| Interest coverage ratio | -0.7x |
| Cash | CN¥1.49b |
| Equity | CN¥17.47b |
| Total liabilities | CN¥13.00b |
| Total assets | CN¥30.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000685's short term assets (CN¥4.7B) do not cover its short term liabilities (CN¥5.5B).
Long Term Liabilities: 000685's short term assets (CN¥4.7B) 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 (39.2%) is considered satisfactory.
Reducing Debt: 000685's debt to equity ratio has increased from 33.4% to 47.8% over the past 5 years.
Debt Coverage: 000685's debt is not well covered by operating cash flow (0.04%).
Interest Coverage: 000685 earns more interest than it pays, so coverage of interest payments is not a concern.