Zhejiang Expressway Co., Ltd.

SZSC:576 Stock Report

Market Cap: HK$31.9b

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 ratio3.1x
CashCN¥100.83b
EquityCN¥65.60b
Total liabilitiesCN¥142.19b
Total assetsCN¥207.79b

Recent financial health updates

Recent updates

Financial 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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