Inner Mongolia ERDOS ResourcesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Inner Mongolia ERDOS ResourcesLtd has a total shareholder equity of CN¥26.8B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are CN¥48.6B and CN¥21.7B respectively. Inner Mongolia ERDOS ResourcesLtd's EBIT is CN¥2.8B making its interest coverage ratio -5.2. It has cash and short-term investments of CN¥4.7B.
Key information
17.7%
Debt to equity ratio
CN¥4.74b
Debt
| Interest coverage ratio | -5.2x |
| Cash | CN¥4.74b |
| Equity | CN¥26.85b |
| Total liabilities | CN¥21.74b |
| Total assets | CN¥48.59b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600295's short term assets (CN¥11.8B) do not cover its short term liabilities (CN¥17.4B).
Long Term Liabilities: 600295's short term assets (CN¥11.8B) exceed its long term liabilities (CN¥4.4B).
Debt to Equity History and Analysis
Debt Level: 600295's net debt to equity ratio (0.01%) is considered satisfactory.
Reducing Debt: 600295's debt to equity ratio has reduced from 150.7% to 17.7% over the past 5 years.
Debt Coverage: 600295's debt is well covered by operating cash flow (131.2%).
Interest Coverage: 600295 earns more interest than it pays, so coverage of interest payments is not a concern.