Tibet Summit ResourcesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Tibet Summit ResourcesLtd has a total shareholder equity of CN¥3.5B and total debt of CN¥299.9M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CN¥5.7B and CN¥2.1B respectively. Tibet Summit ResourcesLtd's EBIT is CN¥241.9M making its interest coverage ratio 3.9. It has cash and short-term investments of CN¥40.5M.
Key information
8.5%
Debt to equity ratio
CN¥299.89m
Debt
Interest coverage ratio | 3.9x |
Cash | CN¥40.52m |
Equity | CN¥3.54b |
Total liabilities | CN¥2.14b |
Total assets | CN¥5.68b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600338's short term assets (CN¥788.7M) do not cover its short term liabilities (CN¥2.1B).
Long Term Liabilities: 600338's short term assets (CN¥788.7M) exceed its long term liabilities (CN¥58.5M).
Debt to Equity History and Analysis
Debt Level: 600338's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: 600338's debt to equity ratio has reduced from 43% to 8.5% over the past 5 years.
Debt Coverage: 600338's debt is well covered by operating cash flow (91.1%).
Interest Coverage: 600338's interest payments on its debt are well covered by EBIT (3.9x coverage).