Jiangxi Copper Balance Sheet Health
Financial Health criteria checks 4/6
Jiangxi Copper has a total shareholder equity of CN¥81.4B and total debt of CN¥79.8B, which brings its debt-to-equity ratio to 98%. Its total assets and total liabilities are CN¥194.8B and CN¥113.4B respectively. Jiangxi Copper's EBIT is CN¥8.4B making its interest coverage ratio -69.7. It has cash and short-term investments of CN¥53.8B.
Key information
98.0%
Debt to equity ratio
CN¥79.76b
Debt
Interest coverage ratio | -69.7x |
Cash | CN¥53.78b |
Equity | CN¥81.40b |
Total liabilities | CN¥113.43b |
Total assets | CN¥194.84b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600362's short term assets (CN¥125.0B) exceed its short term liabilities (CN¥91.5B).
Long Term Liabilities: 600362's short term assets (CN¥125.0B) exceed its long term liabilities (CN¥21.9B).
Debt to Equity History and Analysis
Debt Level: 600362's net debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: 600362's debt to equity ratio has increased from 70.3% to 98% over the past 5 years.
Debt Coverage: 600362's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: 600362 earns more interest than it pays, so coverage of interest payments is not a concern.