CITIC Metal Balance Sheet Health
Financial Health criteria checks 3/6
CITIC Metal has a total shareholder equity of CN¥19.4B and total debt of CN¥20.1B, which brings its debt-to-equity ratio to 103.8%. Its total assets and total liabilities are CN¥48.2B and CN¥28.8B respectively. CITIC Metal's EBIT is CN¥2.0B making its interest coverage ratio 12.4. It has cash and short-term investments of CN¥4.5B.
Key information
103.8%
Debt to equity ratio
CN¥20.13b
Debt
Interest coverage ratio | 12.4x |
Cash | CN¥4.46b |
Equity | CN¥19.38b |
Total liabilities | CN¥28.77b |
Total assets | CN¥48.15b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 601061's short term assets (CN¥28.9B) exceed its short term liabilities (CN¥25.0B).
Long Term Liabilities: 601061's short term assets (CN¥28.9B) exceed its long term liabilities (CN¥3.8B).
Debt to Equity History and Analysis
Debt Level: 601061's net debt to equity ratio (80.8%) is considered high.
Reducing Debt: 601061's debt to equity ratio has increased from 92.8% to 103.8% over the past 5 years.
Debt Coverage: 601061's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601061's interest payments on its debt are well covered by EBIT (12.4x coverage).