Zhejiang Provincial New Energy Investment Group Co., Ltd.

XSSC:600032 Stock Report

Market Cap: CN¥20.0b

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 ratio3.1x
CashCN¥2.44b
EquityCN¥18.82b
Total liabilitiesCN¥36.47b
Total assetsCN¥55.29b

Recent financial health updates

No updates

Recent updates

Financial 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).


Balance Sheet


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