Zhejiang Expressway Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Expressway has a total shareholder equity of CN¥65.6B and total debt of CN¥64.2B, which brings its debt-to-equity ratio to 97.8%. Its total assets and total liabilities are CN¥207.8B and CN¥142.2B respectively. Zhejiang Expressway's EBIT is CN¥6.8B making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥100.8B.
Key information
97.8%
Debt to equity ratio
CN¥64.18b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥100.83b |
| Equity | CN¥65.60b |
| Total liabilities | CN¥142.19b |
| Total assets | CN¥207.79b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZHJ's short term assets (CN¥152.7B) exceed its short term liabilities (CN¥102.2B).
Long Term Liabilities: ZHJ's short term assets (CN¥152.7B) exceed its long term liabilities (CN¥40.0B).
Debt to Equity History and Analysis
Debt Level: ZHJ has more cash than its total debt.
Reducing Debt: ZHJ's debt to equity ratio has increased from 78.4% to 97.8% over the past 5 years.
Debt Coverage: ZHJ's debt is not well covered by operating cash flow (5%).
Interest Coverage: ZHJ's interest payments on its debt are well covered by EBIT (3.1x coverage).