Zhejiang Expressway Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Expressway has a total shareholder equity of CN¥60.4B and total debt of CN¥83.9B, which brings its debt-to-equity ratio to 139%. Its total assets and total liabilities are CN¥207.7B and CN¥147.3B respectively. Zhejiang Expressway's EBIT is CN¥7.0B making its interest coverage ratio 4. It has cash and short-term investments of CN¥70.3B.
Key information
139.0%
Debt to equity ratio
CN¥83.94b
Debt
Interest coverage ratio | 4x |
Cash | CN¥70.27b |
Equity | CN¥60.41b |
Total liabilities | CN¥147.33b |
Total assets | CN¥207.73b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZHEX.F's short term assets (CN¥152.9B) exceed its short term liabilities (CN¥103.3B).
Long Term Liabilities: ZHEX.F's short term assets (CN¥152.9B) exceed its long term liabilities (CN¥44.0B).
Debt to Equity History and Analysis
Debt Level: ZHEX.F's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: ZHEX.F's debt to equity ratio has increased from 127.1% to 139% over the past 5 years.
Debt Coverage: ZHEX.F's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: ZHEX.F's interest payments on its debt are well covered by EBIT (4x coverage).