Zhejiang Expressway Co., Ltd.
SZSC:576 Stock Report
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
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 Zhejiang Expressway Announces Cancellation of Listing of Ordinary Shares from the Main Market for Listed Securities of LSE May 20
Show all updates
Zhejiang Expressway Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Oct 17
Zhejiang Expressway Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Aug 09
Zhejiang Expressway Co., Ltd. Announces Board Committees Changes Jul 01
Zhejiang Expressway Co., Ltd. Announces Board and Committee Changes Jun 28
Zhejiang Expressway Co., Ltd. Approves Dividend in Respect of the Year Ended December 31, 2023, Payable on July 5, 2024 May 09
Zhejiang Expressway Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Apr 19
Zhejiang Expressway Co., Ltd., Annual General Meeting, May 08, 2024 Apr 16
Zhejiang Expressway Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 05 July 2024 Mar 27
Zhejiang Expressway Co., Ltd. to Report Fiscal Year 2023 Results on Mar 25, 2024 Mar 12
Zhejiang Expressway Co., Ltd. Announces Executive Changes with Effect from October 31, 2023 Nov 01
Zhejiang Expressway Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Oct 18
Zhejiang Expressway Co., Ltd. Elects Li Wei as Executive Director Oct 14
Zhejiang Expressway Co., Ltd. Announces Management Changes Sep 28
Zhejiang Expressway Co., Ltd. Announces Board Changes Sep 08
Zhejiang Expressway Co., Ltd. Announces Executive Changes with Effect from August 23, 2023 Aug 24
Zhejiang Expressway Co., Ltd. to Report First Half, 2023 Results on Aug 23, 2023 Aug 10
Zhejiang Expressway Co., Ltd. Announces Board Changes Jun 10 Zhejiang Expressway Announces Cancellation of Listing of Ordinary Shares from the Main Market for Listed Securities of LSE May 20
Zhejiang Expressway Co., Ltd. Announces Executive Changes May 18
Zhejiang Expressway Co., Ltd. Approves Final Dividend for the Period Ended 31 December 2022, Payable on 16 June 2023 May 06
Upcoming dividend of CN¥0.38 per share at 6.6% yield May 02
Full year 2022 earnings released: EPS: CN¥1.24 (vs CN¥1.10 in FY 2021) Mar 29
Zhejiang Expressway Co., Ltd. Announces Change in Composition of Audit Committee and Remuneration Committee Jan 20
Zhejiang Expressway Co., Ltd. Announces Board Changes Dec 06
Less than half of directors are independent Nov 16
Third quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.34 in 3Q 2021) Nov 01
Zhejiang Expressway Co., Ltd. to Report Q3, 2022 Results on Oct 31, 2022 Oct 18
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.30 in 2Q 2021) Aug 25
Zhejiang Expressway Co., Ltd. Updates Final Dividend for the Financial Year End 31 December 2021, Payable on 28 July 2022 Jul 09
Zhejiang Expressway Co., Ltd. Announces Final Dividend for the Financial Year End 31 December 2021, Payable on 28 July 2022 Jul 07
Zhejiang Expressway Co., Ltd. Approves Payment of A Dividend for the Year Ended December 31, 2021 Jul 01
Upcoming dividend of CN¥0.38 per share Jun 28 Zhejiang Expressway Co., Ltd., Annual General Meeting, Jun 30, 2022
Upcoming dividend of CN¥0.38 per share Jun 15
Zhejiang Expressway Co., Ltd. Proposes Final Dividend for Financial Year Ended 31 December 2021, Payable on 29 July 2022 Jun 02 Zhejiang Expressway Co., Ltd. Proposes Dividend for the Year Ended December 31, 2021, Payable No Later Than July 31, 2022
First quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.28 in 1Q 2021) May 02
Less than half of directors are independent Apr 27
Zhejiang Expressway Co., Ltd. to Report Q1, 2022 Results on Apr 29, 2022 Apr 19
Third quarter 2021 earnings released Oct 31
Second quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.11 in 2Q 2020) Aug 22
Non Executive Director Benmeng Dai has left the company Jul 02
Zhejiang Expressway Co., Ltd. (SEHK:576) entered into a share transfer agreement to acquire a 55% stake in Jiaxing Zhajiasu Expressway Co., Ltd from Zhou Minghai and Shi Guoliang for approximately CNY 770 million. May 11
First quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.003 loss in 1Q 2020) May 02
Upcoming dividend of CN¥0.35 per share Apr 16
Full year 2020 earnings released: EPS CN¥0.69 (vs CN¥0.85 in FY 2019) Mar 24
Zhejiang Expressway Co., Ltd. to Report Fiscal Year 2020 Results on Mar 23, 2021 Mar 10
New 90-day high: HK$7.11 Feb 18
New 90-day high: HK$6.80 Jan 20
New 90-day high: HK$6.36 Dec 18
New 90-day high: HK$5.98 Dec 03
Third quarter earnings released Oct 31
Zhejiang Expressway Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Oct 17
New 90-day low - HK$5.23 Aug 31
First half earnings released Aug 27
Zhejiang Expressway Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Aug 23
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).
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