Minmetals Development Balance Sheet Health
Financial Health criteria checks 5/6
Minmetals Development has a total shareholder equity of CN¥7.7B and total debt of CN¥3.6B, which brings its debt-to-equity ratio to 47.2%. Its total assets and total liabilities are CN¥27.7B and CN¥20.0B respectively. Minmetals Development's EBIT is CN¥996.1M making its interest coverage ratio 4.5. It has cash and short-term investments of CN¥2.1B.
Key information
47.2%
Debt to equity ratio
CN¥3.62b
Debt
| Interest coverage ratio | 4.5x |
| Cash | CN¥2.10b |
| Equity | CN¥7.66b |
| Total liabilities | CN¥20.01b |
| Total assets | CN¥27.67b |
Recent financial health updates
Recent updates
Minmetals Development's (SHSE:600058) Conservative Accounting Might Explain Soft Earnings
Nov 06
Investors Will Want Minmetals Development's (SHSE:600058) Growth In ROCE To Persist
Oct 24There's No Escaping Minmetals Development Co., Ltd.'s (SHSE:600058) Muted Revenues
Sep 28Minmetals Development (SHSE:600058) Seems To Be Using A Lot Of Debt
May 27Minmetals Development's (SHSE:600058) Soft Earnings Are Actually Better Than They Appear
Apr 09Some Shareholders Feeling Restless Over Minmetals Development Co., Ltd.'s (SHSE:600058) P/E Ratio
Mar 25Financial Position Analysis
Short Term Liabilities: 600058's short term assets (CN¥24.7B) exceed its short term liabilities (CN¥19.2B).
Long Term Liabilities: 600058's short term assets (CN¥24.7B) exceed its long term liabilities (CN¥768.8M).
Debt to Equity History and Analysis
Debt Level: 600058's net debt to equity ratio (19.8%) is considered satisfactory.
Reducing Debt: 600058's debt to equity ratio has reduced from 53.2% to 47.2% over the past 5 years.
Debt Coverage: 600058's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600058's interest payments on its debt are well covered by EBIT (4.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 10:58 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Minmetals Development Co., Ltd. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| He Tao Wang | Changjiang Securities Co. LTD. |
| Zhaohua Wang | Guodu Securities Co. |
| Xiuxin Nie | Ping An Securities Co. Ltd. |