Shanxi Coal International Energy GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shanxi Coal International Energy GroupLtd has a total shareholder equity of CN¥21.5B and total debt of CN¥8.9B, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are CN¥43.5B and CN¥22.0B respectively. Shanxi Coal International Energy GroupLtd's EBIT is CN¥7.4B making its interest coverage ratio 39.4. It has cash and short-term investments of CN¥8.8B.
Key information
41.5%
Debt to equity ratio
CN¥8.90b
Debt
Interest coverage ratio | 39.4x |
Cash | CN¥8.84b |
Equity | CN¥21.47b |
Total liabilities | CN¥21.99b |
Total assets | CN¥43.46b |
Financial Position Analysis
Short Term Liabilities: 600546's short term assets (CN¥11.5B) exceed its short term liabilities (CN¥11.0B).
Long Term Liabilities: 600546's short term assets (CN¥11.5B) exceed its long term liabilities (CN¥11.0B).
Debt to Equity History and Analysis
Debt Level: 600546's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 600546's debt to equity ratio has reduced from 202.2% to 41.5% over the past 5 years.
Debt Coverage: 600546's debt is well covered by operating cash flow (53.8%).
Interest Coverage: 600546's interest payments on its debt are well covered by EBIT (39.4x coverage).