Sino-Platinum MetalsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Sino-Platinum MetalsLtd has a total shareholder equity of CN¥7.1B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 60.1%. Its total assets and total liabilities are CN¥16.6B and CN¥9.5B respectively. Sino-Platinum MetalsLtd's EBIT is CN¥479.4M making its interest coverage ratio 14.6. It has cash and short-term investments of CN¥2.7B.
Key information
60.1%
Debt to equity ratio
CN¥4.29b
Debt
| Interest coverage ratio | 14.6x |
| Cash | CN¥2.67b |
| Equity | CN¥7.13b |
| Total liabilities | CN¥9.52b |
| Total assets | CN¥16.65b |
Recent financial health updates
Does Sino-Platinum MetalsLtd (SHSE:600459) Have A Healthy Balance Sheet?
Oct 13
Is Sino-Platinum MetalsLtd (SHSE:600459) A Risky Investment?
Jun 13Recent updates
We Think That There Are Some Issues For Sino-Platinum MetalsLtd (SHSE:600459) Beyond Its Promising Earnings
Nov 06Does Sino-Platinum MetalsLtd (SHSE:600459) Have A Healthy Balance Sheet?
Oct 13Some Investors May Be Worried About Sino-Platinum MetalsLtd's (SHSE:600459) Returns On Capital
Aug 27Sino-Platinum Metals Co.,Ltd's (SHSE:600459) Shares Not Telling The Full Story
Aug 01Is Sino-Platinum MetalsLtd (SHSE:600459) A Risky Investment?
Jun 13Sino-Platinum MetalsLtd (SHSE:600459) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Apr 25Sino-Platinum Metals Co.,Ltd Just Missed EPS By 8.1%: Here's What Analysts Think Will Happen Next
Apr 21An Intrinsic Calculation For Sino-Platinum Metals Co.,Ltd (SHSE:600459) Suggests It's 29% Undervalued
Apr 03Sino-Platinum Metals Co.,Ltd's (SHSE:600459) Shares Lagging The Market But So Is The Business
Mar 01Financial Position Analysis
Short Term Liabilities: 600459's short term assets (CN¥14.6B) exceed its short term liabilities (CN¥7.4B).
Long Term Liabilities: 600459's short term assets (CN¥14.6B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 600459's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: 600459's debt to equity ratio has reduced from 69.5% to 60.1% over the past 5 years.
Debt Coverage: 600459's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600459's interest payments on its debt are well covered by EBIT (14.6x coverage).