Aluminum Corporation of China Balance Sheet Health
Financial Health criteria checks 5/6
Aluminum of China has a total shareholder equity of CN¥103.4B and total debt of CN¥64.2B, which brings its debt-to-equity ratio to 62.1%. Its total assets and total liabilities are CN¥213.6B and CN¥110.3B respectively. Aluminum of China's EBIT is CN¥19.7B making its interest coverage ratio 7.8. It has cash and short-term investments of CN¥22.4B.
Key information
62.1%
Debt to equity ratio
CN¥64.15b
Debt
Interest coverage ratio | 7.8x |
Cash | CN¥22.41b |
Equity | CN¥103.36b |
Total liabilities | CN¥110.25b |
Total assets | CN¥213.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AOC's short term assets (CN¥60.2B) exceed its short term liabilities (CN¥53.3B).
Long Term Liabilities: AOC's short term assets (CN¥60.2B) exceed its long term liabilities (CN¥57.0B).
Debt to Equity History and Analysis
Debt Level: AOC's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: AOC's debt to equity ratio has reduced from 151% to 62.1% over the past 5 years.
Debt Coverage: AOC's debt is well covered by operating cash flow (41.6%).
Interest Coverage: AOC's interest payments on its debt are well covered by EBIT (7.8x coverage).