Zhong An Group Balance Sheet Health
Financial Health criteria checks 4/6
Zhong An Group has a total shareholder equity of CN¥13.0B and total debt of CN¥11.2B, which brings its debt-to-equity ratio to 86.4%. Its total assets and total liabilities are CN¥48.6B and CN¥35.6B respectively. Zhong An Group's EBIT is CN¥598.4M making its interest coverage ratio 9.6. It has cash and short-term investments of CN¥886.7M.
Key information
86.4%
Debt to equity ratio
CN¥11.20b
Debt
Interest coverage ratio | 9.6x |
Cash | CN¥886.71m |
Equity | CN¥12.96b |
Total liabilities | CN¥35.61b |
Total assets | CN¥48.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 35Z's short term assets (CN¥35.5B) exceed its short term liabilities (CN¥28.7B).
Long Term Liabilities: 35Z's short term assets (CN¥35.5B) exceed its long term liabilities (CN¥6.9B).
Debt to Equity History and Analysis
Debt Level: 35Z's net debt to equity ratio (79.6%) is considered high.
Reducing Debt: 35Z's debt to equity ratio has increased from 50.5% to 86.4% over the past 5 years.
Debt Coverage: 35Z's debt is well covered by operating cash flow (24.8%).
Interest Coverage: 35Z's interest payments on its debt are well covered by EBIT (9.6x coverage).