Zhongyu Energy Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Zhongyu Energy Holdings has a total shareholder equity of HK$8.7B and total debt of HK$12.2B, which brings its debt-to-equity ratio to 140.4%. Its total assets and total liabilities are HK$26.4B and HK$17.7B respectively. Zhongyu Energy Holdings's EBIT is HK$1.0B making its interest coverage ratio 1.7. It has cash and short-term investments of HK$2.1B.
Key information
140.4%
Debt to equity ratio
HK$12.20b
Debt
Interest coverage ratio | 1.7x |
Cash | HK$2.08b |
Equity | HK$8.69b |
Total liabilities | HK$17.74b |
Total assets | HK$26.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJVC's short term assets (HK$6.5B) do not cover its short term liabilities (HK$11.8B).
Long Term Liabilities: MJVC's short term assets (HK$6.5B) exceed its long term liabilities (HK$6.0B).
Debt to Equity History and Analysis
Debt Level: MJVC's net debt to equity ratio (116.5%) is considered high.
Reducing Debt: MJVC's debt to equity ratio has reduced from 182.1% to 140.4% over the past 5 years.
Debt Coverage: MJVC's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: MJVC's interest payments on its debt are not well covered by EBIT (1.7x coverage).