China Coal Energy Balance Sheet Health
Financial Health criteria checks 6/6
China Coal Energy has a total shareholder equity of CN¥189.4B and total debt of CN¥71.2B, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are CN¥351.8B and CN¥162.3B respectively. China Coal Energy's EBIT is CN¥30.0B making its interest coverage ratio -442.3. It has cash and short-term investments of CN¥90.5B.
Key information
37.6%
Debt to equity ratio
CN¥71.19b
Debt
Interest coverage ratio | -442.3x |
Cash | CN¥90.53b |
Equity | CN¥189.44b |
Total liabilities | CN¥162.35b |
Total assets | CN¥351.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601898's short term assets (CN¥123.1B) exceed its short term liabilities (CN¥91.3B).
Long Term Liabilities: 601898's short term assets (CN¥123.1B) exceed its long term liabilities (CN¥71.0B).
Debt to Equity History and Analysis
Debt Level: 601898 has more cash than its total debt.
Reducing Debt: 601898's debt to equity ratio has reduced from 89.2% to 37.6% over the past 5 years.
Debt Coverage: 601898's debt is well covered by operating cash flow (49.5%).
Interest Coverage: 601898 earns more interest than it pays, so coverage of interest payments is not a concern.