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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 14:24 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhejiang Expressway Co., Ltd. is covered by 26 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sarah Liu | BNP Paribas Securities (Asia) |
| Mandy Qu | BofA Global Research |
| Aaron Ho | CFRA Equity Research |