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
No updates
Recent updates
Financial 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).