Zhejiang Expressway Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Expressway has a total shareholder equity of CN¥62.3B and total debt of CN¥43.7B, which brings its debt-to-equity ratio to 70.2%. Its total assets and total liabilities are CN¥204.8B and CN¥142.6B respectively. Zhejiang Expressway's EBIT is CN¥7.1B making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥70.3B.
Key information
70.2%
Debt to equity ratio
CN¥43.70b
Debt
| Interest coverage ratio | 4.1x |
| Cash | CN¥70.27b |
| Equity | CN¥62.26b |
| Total liabilities | CN¥142.57b |
| Total assets | CN¥204.83b |
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¥150.3B) exceed its short term liabilities (CN¥98.9B).
Long Term Liabilities: 576's short term assets (CN¥150.3B) exceed its long term liabilities (CN¥43.7B).
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 47.1% to 70.2% over the past 5 years.
Debt Coverage: 576's debt is well covered by operating cash flow (27.4%).
Interest Coverage: 576's interest payments on its debt are well covered by EBIT (4.1x coverage).