CITIC Metal Balance Sheet Health
Financial Health criteria checks 4/6
CITIC Metal has a total shareholder equity of CN¥20.7B and total debt of CN¥17.2B, which brings its debt-to-equity ratio to 83.3%. Its total assets and total liabilities are CN¥50.4B and CN¥29.7B respectively. CITIC Metal's EBIT is CN¥1.9B making its interest coverage ratio -5.6. It has cash and short-term investments of CN¥6.7B.
Key information
83.3%
Debt to equity ratio
CN¥17.22b
Debt
| Interest coverage ratio | -5.6x |
| Cash | CN¥6.71b |
| Equity | CN¥20.67b |
| Total liabilities | CN¥29.69b |
| Total assets | CN¥50.37b |
Financial Position Analysis
Short Term Liabilities: 601061's short term assets (CN¥30.0B) exceed its short term liabilities (CN¥26.5B).
Long Term Liabilities: 601061's short term assets (CN¥30.0B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 601061's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: 601061's debt to equity ratio has reduced from 97.2% to 83.3% over the past 5 years.
Debt Coverage: 601061's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601061 earns more interest than it pays, so coverage of interest payments is not a concern.