Zhongsheng Group Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Zhongsheng Group Holdings has a total shareholder equity of CN¥45.7B and total debt of CN¥31.8B, which brings its debt-to-equity ratio to 69.6%. Its total assets and total liabilities are CN¥107.0B and CN¥61.3B respectively. Zhongsheng Group Holdings's EBIT is CN¥6.0B making its interest coverage ratio 5.3. It has cash and short-term investments of CN¥21.3B.
Key information
69.6%
Debt to equity ratio
CN¥31.78b
Debt
| Interest coverage ratio | 5.3x |
| Cash | CN¥21.33b |
| Equity | CN¥45.65b |
| Total liabilities | CN¥61.31b |
| Total assets | CN¥106.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZSHG.Y's short term assets (CN¥61.8B) exceed its short term liabilities (CN¥40.9B).
Long Term Liabilities: ZSHG.Y's short term assets (CN¥61.8B) exceed its long term liabilities (CN¥20.4B).
Debt to Equity History and Analysis
Debt Level: ZSHG.Y's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: ZSHG.Y's debt to equity ratio has reduced from 122.4% to 69.6% over the past 5 years.
Debt Coverage: ZSHG.Y's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: ZSHG.Y's interest payments on its debt are well covered by EBIT (5.3x coverage).