Zhongsheng Group Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Zhongsheng Group Holdings has a total shareholder equity of CN¥46.0B and total debt of CN¥31.5B, which brings its debt-to-equity ratio to 68.5%. Its total assets and total liabilities are CN¥103.3B and CN¥57.2B respectively. Zhongsheng Group Holdings's EBIT is CN¥7.9B making its interest coverage ratio 7.5. It has cash and short-term investments of CN¥17.8B.
Key information
68.5%
Debt to equity ratio
CN¥31.55b
Debt
Interest coverage ratio | 7.5x |
Cash | CN¥17.83b |
Equity | CN¥46.05b |
Total liabilities | CN¥57.22b |
Total assets | CN¥103.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZSHG.Y's short term assets (CN¥57.6B) exceed its short term liabilities (CN¥33.5B).
Long Term Liabilities: ZSHG.Y's short term assets (CN¥57.6B) exceed its long term liabilities (CN¥23.7B).
Debt to Equity History and Analysis
Debt Level: ZSHG.Y's net debt to equity ratio (29.8%) is considered satisfactory.
Reducing Debt: ZSHG.Y's debt to equity ratio has reduced from 140.2% to 68.5% over the past 5 years.
Debt Coverage: ZSHG.Y's debt is well covered by operating cash flow (20.4%).
Interest Coverage: ZSHG.Y's interest payments on its debt are well covered by EBIT (7.5x coverage).