Minmetals Development Balance Sheet Health
Financial Health criteria checks 3/6
Minmetals Development has a total shareholder equity of CN¥7.5B and total debt of CN¥7.4B, which brings its debt-to-equity ratio to 98.3%. Its total assets and total liabilities are CN¥31.0B and CN¥23.5B respectively. Minmetals Development's EBIT is CN¥912.1M making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥2.7B.
Key information
98.3%
Debt to equity ratio
CN¥7.38b
Debt
Interest coverage ratio | 3.8x |
Cash | CN¥2.72b |
Equity | CN¥7.51b |
Total liabilities | CN¥23.45b |
Total assets | CN¥30.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600058's short term assets (CN¥27.9B) exceed its short term liabilities (CN¥23.2B).
Long Term Liabilities: 600058's short term assets (CN¥27.9B) exceed its long term liabilities (CN¥268.6M).
Debt to Equity History and Analysis
Debt Level: 600058's net debt to equity ratio (62.1%) is considered high.
Reducing Debt: 600058's debt to equity ratio has increased from 72.1% to 98.3% 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 (3.8x coverage).