China National Gold Group Gold JewelleryLtd Balance Sheet Health
Financial Health criteria checks 5/6
China National Gold Group Gold JewelleryLtd has a total shareholder equity of CN¥7.8B and total debt of CN¥36.0M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥13.5B and CN¥5.7B respectively. China National Gold Group Gold JewelleryLtd's EBIT is CN¥1.8B making its interest coverage ratio 123.7. It has cash and short-term investments of CN¥7.2B.
Key information
0.5%
Debt to equity ratio
CN¥35.97m
Debt
Interest coverage ratio | 123.7x |
Cash | CN¥7.16b |
Equity | CN¥7.84b |
Total liabilities | CN¥5.69b |
Total assets | CN¥13.53b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600916's short term assets (CN¥12.8B) exceed its short term liabilities (CN¥5.5B).
Long Term Liabilities: 600916's short term assets (CN¥12.8B) exceed its long term liabilities (CN¥225.1M).
Debt to Equity History and Analysis
Debt Level: 600916 has more cash than its total debt.
Reducing Debt: 600916's debt to equity ratio has increased from 0% to 0.5% over the past 5 years.
Debt Coverage: 600916's debt is well covered by operating cash flow (10837.8%).
Interest Coverage: 600916's interest payments on its debt are well covered by EBIT (123.7x coverage).