Shandong Gold PhoenixLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shandong Gold PhoenixLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥101.0M, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are CN¥2.7B and CN¥382.8M respectively. Shandong Gold PhoenixLtd's EBIT is CN¥153.4M making its interest coverage ratio 85.5. It has cash and short-term investments of CN¥730.5M.
Key information
4.4%
Debt to equity ratio
CN¥100.97m
Debt
Interest coverage ratio | 85.5x |
Cash | CN¥730.54m |
Equity | CN¥2.27b |
Total liabilities | CN¥382.81m |
Total assets | CN¥2.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603586's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥328.5M).
Long Term Liabilities: 603586's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥54.3M).
Debt to Equity History and Analysis
Debt Level: 603586 has more cash than its total debt.
Reducing Debt: 603586's debt to equity ratio has reduced from 18.1% to 4.4% over the past 5 years.
Debt Coverage: 603586's debt is well covered by operating cash flow (161.7%).
Interest Coverage: 603586's interest payments on its debt are well covered by EBIT (85.5x coverage).