China Northern Rare Earth (Group) High-TechLtd Balance Sheet Health
Financial Health criteria checks 6/6
China Northern Rare Earth (Group) High-TechLtd has a total shareholder equity of CN¥26.7B and total debt of CN¥8.1B, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are CN¥41.0B and CN¥14.3B respectively. China Northern Rare Earth (Group) High-TechLtd's EBIT is CN¥2.2B making its interest coverage ratio 14.5. It has cash and short-term investments of CN¥6.2B.
Key information
30.1%
Debt to equity ratio
CN¥8.06b
Debt
| Interest coverage ratio | 14.5x |
| Cash | CN¥6.18b |
| Equity | CN¥26.75b |
| Total liabilities | CN¥14.26b |
| Total assets | CN¥41.01b |
Recent financial health updates
Recent updates
China Northern Rare Earth (Group) High-Tech Co.,Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Sep 02
China Northern Rare Earth (Group) High-Tech Co.,Ltd's (SHSE:600111) Popularity With Investors Is Clear
Aug 19Slowing Rates Of Return At China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Leave Little Room For Excitement
Jul 29Here's Why China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Can Manage Its Debt Responsibly
Jun 08China Northern Rare Earth (Group) High-Tech Co.,Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
May 01Returns On Capital Are Showing Encouraging Signs At China Northern Rare Earth (Group) High-TechLtd (SHSE:600111)
Apr 08Financial Position Analysis
Short Term Liabilities: 600111's short term assets (CN¥28.8B) exceed its short term liabilities (CN¥9.9B).
Long Term Liabilities: 600111's short term assets (CN¥28.8B) exceed its long term liabilities (CN¥4.3B).
Debt to Equity History and Analysis
Debt Level: 600111's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: 600111's debt to equity ratio has reduced from 59.6% to 30.1% over the past 5 years.
Debt Coverage: 600111's debt is well covered by operating cash flow (20.3%).
Interest Coverage: 600111's interest payments on its debt are well covered by EBIT (14.5x coverage).