Shanxi Coking Coal Energy Group Balance Sheet Health
Financial Health criteria checks 6/6
Shanxi Coking Coal Energy Group has a total shareholder equity of CN¥49.7B and total debt of CN¥8.9B, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are CN¥92.7B and CN¥43.1B respectively. Shanxi Coking Coal Energy Group's EBIT is CN¥9.4B making its interest coverage ratio 17.5. It has cash and short-term investments of CN¥18.0B.
Key information
18.0%
Debt to equity ratio
CN¥8.93b
Debt
Interest coverage ratio | 17.5x |
Cash | CN¥18.00b |
Equity | CN¥49.65b |
Total liabilities | CN¥43.08b |
Total assets | CN¥92.73b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000983's short term assets (CN¥26.5B) exceed its short term liabilities (CN¥23.0B).
Long Term Liabilities: 000983's short term assets (CN¥26.5B) exceed its long term liabilities (CN¥20.1B).
Debt to Equity History and Analysis
Debt Level: 000983 has more cash than its total debt.
Reducing Debt: 000983's debt to equity ratio has reduced from 78.9% to 18% over the past 5 years.
Debt Coverage: 000983's debt is well covered by operating cash flow (88.3%).
Interest Coverage: 000983's interest payments on its debt are well covered by EBIT (17.5x coverage).