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
We Think Zhejiang Expressway (HKG:576) Is Taking Some Risk With Its Debt
May 05
Zhejiang Expressway (HKG:576) Use Of Debt Could Be Considered Risky
Jan 12Is Zhejiang Expressway (HKG:576) Using Too Much Debt?
Sep 12Does Zhejiang Expressway (HKG:576) Have A Healthy Balance Sheet?
May 18These 4 Measures Indicate That Zhejiang Expressway (HKG:576) Is Using Debt Extensively
Feb 13Recent updates
We Think Zhejiang Expressway (HKG:576) Is Taking Some Risk With Its Debt
May 05Zhejiang Expressway (HKG:576) Ticks All The Boxes When It Comes To Earnings Growth
Apr 05Zhejiang Expressway (HKG:576) Use Of Debt Could Be Considered Risky
Jan 12Is Zhejiang Expressway (HKG:576) Using Too Much Debt?
Sep 12If You Like EPS Growth Then Check Out Zhejiang Expressway (HKG:576) Before It's Too Late
Jun 09Does Zhejiang Expressway (HKG:576) Have A Healthy Balance Sheet?
May 18These 4 Measures Indicate That Zhejiang Expressway (HKG:576) Is Using Debt Extensively
Feb 13Does Zhejiang Expressway (HKG:576) Have A Healthy Balance Sheet?
Nov 12Zhejiang Expressway (HKG:576) Has A Somewhat Strained Balance Sheet
Aug 04Is Zhejiang Expressway (HKG:576) Using Too Much Debt?
May 06Zhejiang Expressway Co., Ltd.'s (HKG:576) Intrinsic Value Is Potentially 42% Above Its Share Price
Apr 15Forecast: Analysts Think Zhejiang Expressway Co., Ltd.'s (HKG:576) Business Prospects Have Improved Drastically
Mar 28Zhejiang Expressway Co., Ltd.'s (HKG:576) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Mar 15Zhejiang Expressway's (HKG:576) Shareholders Are Down 22% On Their Shares
Feb 08
Is Zhejiang Expressway Co., Ltd. (HKG:576) The Right Choice For A Smart Dividend Investor?
Jan 24Is Zhejiang Expressway Co., Ltd. (HKG:576) Trading At A 49% Discount?
Jan 10Zhejiang Expressway (HKG:576) Seems To Be Using A Lot Of Debt
Dec 28Zhejiang Expressway Co., Ltd. (HKG:576) On An Uptrend: Could Fundamentals Be Driving The Stock?
Dec 15Is Now An Opportune Moment To Examine Zhejiang Expressway Co., Ltd. (HKG:576)?
Nov 30Financial Position Analysis
Short Term Liabilities: 576's short term assets (CN¥152.7B) exceed its short term liabilities (CN¥102.2B).
Long Term Liabilities: 576's short term assets (CN¥152.7B) exceed its long term liabilities (CN¥40.0B).
Debt to Equity History and Analysis
Debt Level: 576 has more cash than its total debt.
Reducing Debt: 576's debt to equity ratio has increased from 78.4% to 97.8% over the past 5 years.
Debt Coverage: 576's debt is not well covered by operating cash flow (5%).
Interest Coverage: 576'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 | 2024/12/21 07:17 |
| End of Day Share Price | 2024/12/20 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 28 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 |