Jinneng Holding Shanxi Coal Industryltd Balance Sheet Health
Financial Health criteria checks 6/6
Jinneng Holding Shanxi Coal Industryltd has a total shareholder equity of CN¥26.6B and total debt of CN¥4.8B, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are CN¥38.0B and CN¥11.4B respectively. Jinneng Holding Shanxi Coal Industryltd's EBIT is CN¥5.2B making its interest coverage ratio -10. It has cash and short-term investments of CN¥16.0B.
Key information
18.0%
Debt to equity ratio
CN¥4.79b
Debt
| Interest coverage ratio | -10x |
| Cash | CN¥15.98b |
| Equity | CN¥26.56b |
| Total liabilities | CN¥11.41b |
| Total assets | CN¥37.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601001's short term assets (CN¥18.2B) exceed its short term liabilities (CN¥8.7B).
Long Term Liabilities: 601001's short term assets (CN¥18.2B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 601001 has more cash than its total debt.
Reducing Debt: 601001's debt to equity ratio has reduced from 80% to 18% over the past 5 years.
Debt Coverage: 601001's debt is well covered by operating cash flow (103.6%).
Interest Coverage: 601001 earns more interest than it pays, so coverage of interest payments is not a concern.