Minmetals Development Balance Sheet Health
Financial Health criteria checks 2/6
Minmetals Development has a total shareholder equity of CN¥7.6B and total debt of CN¥6.9B, which brings its debt-to-equity ratio to 90.7%. Its total assets and total liabilities are CN¥29.3B and CN¥21.7B respectively. Minmetals Development's EBIT is CN¥564.7M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥2.6B.
Key information
90.7%
Debt to equity ratio
CN¥6.88b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CN¥2.60b |
| Equity | CN¥7.59b |
| Total liabilities | CN¥21.68b |
| Total assets | CN¥29.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600058's short term assets (CN¥26.3B) exceed its short term liabilities (CN¥20.9B).
Long Term Liabilities: 600058's short term assets (CN¥26.3B) exceed its long term liabilities (CN¥745.6M).
Debt to Equity History and Analysis
Debt Level: 600058's net debt to equity ratio (56.5%) is considered high.
Reducing Debt: 600058's debt to equity ratio has increased from 89.2% to 90.7% 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 not well covered by EBIT (2.4x coverage).