China Northern Rare Earth (Group) High-TechLtd Balance Sheet Health
Financial Health criteria checks 5/6
China Northern Rare Earth (Group) High-TechLtd has a total shareholder equity of CN¥27.0B and total debt of CN¥7.9B, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are CN¥41.8B and CN¥14.8B respectively. China Northern Rare Earth (Group) High-TechLtd's EBIT is CN¥2.2B making its interest coverage ratio 15.8. It has cash and short-term investments of CN¥6.0B.
Key information
29.0%
Debt to equity ratio
CN¥7.86b
Debt
Interest coverage ratio | 15.8x |
Cash | CN¥6.03b |
Equity | CN¥27.05b |
Total liabilities | CN¥14.78b |
Total assets | CN¥41.83b |
Recent financial health updates
Recent updates
Here'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¥30.2B) exceed its short term liabilities (CN¥10.1B).
Long Term Liabilities: 600111's short term assets (CN¥30.2B) exceed its long term liabilities (CN¥4.7B).
Debt to Equity History and Analysis
Debt Level: 600111's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: 600111's debt to equity ratio has reduced from 63.3% to 29% over the past 5 years.
Debt Coverage: 600111's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: 600111's interest payments on its debt are well covered by EBIT (15.8x coverage).