ZONQING Environmental Balance Sheet Health
Financial Health criteria checks 4/6
ZONQING Environmental has a total shareholder equity of CN¥793.8M and total debt of CN¥856.3M, which brings its debt-to-equity ratio to 107.9%. Its total assets and total liabilities are CN¥3.9B and CN¥3.1B respectively. ZONQING Environmental's EBIT is CN¥247.1M making its interest coverage ratio 4.8. It has cash and short-term investments of CN¥61.2M.
Key information
107.9%
Debt to equity ratio
CN¥856.26m
Debt
| Interest coverage ratio | 4.8x |
| Cash | CN¥61.19m |
| Equity | CN¥793.84m |
| Total liabilities | CN¥3.06b |
| Total assets | CN¥3.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1855's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 1855's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥97.7M).
Debt to Equity History and Analysis
Debt Level: 1855's net debt to equity ratio (100.2%) is considered high.
Reducing Debt: 1855's debt to equity ratio has reduced from 137.7% to 107.9% over the past 5 years.
Debt Coverage: 1855's debt is not well covered by operating cash flow (8%).
Interest Coverage: 1855's interest payments on its debt are well covered by EBIT (4.8x coverage).