Zhongjin GoldLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhongjin GoldLtd has a total shareholder equity of CN¥32.0B and total debt of CN¥15.6B, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are CN¥55.6B and CN¥23.6B respectively. Zhongjin GoldLtd's EBIT is CN¥6.0B making its interest coverage ratio 59.8. It has cash and short-term investments of CN¥8.3B.
Key information
48.9%
Debt to equity ratio
CN¥15.63b
Debt
| Interest coverage ratio | 59.8x |
| Cash | CN¥8.31b |
| Equity | CN¥31.98b |
| Total liabilities | CN¥23.60b |
| Total assets | CN¥55.58b |
Recent financial health updates
Is Zhongjin GoldLtd (SHSE:600489) A Risky Investment?
Aug 13
We Think Zhongjin GoldLtd (SHSE:600489) Can Stay On Top Of Its Debt
Feb 29Recent updates
An Intrinsic Calculation For Zhongjin Gold Corp.,Ltd (SHSE:600489) Suggests It's 49% Undervalued
Oct 28Zhongjin Gold Corp.,Ltd (SHSE:600489) Looks Inexpensive But Perhaps Not Attractive Enough
Oct 01Returns On Capital Are Showing Encouraging Signs At Zhongjin GoldLtd (SHSE:600489)
Sep 17Does Zhongjin GoldLtd (SHSE:600489) Deserve A Spot On Your Watchlist?
Aug 28Is Zhongjin GoldLtd (SHSE:600489) A Risky Investment?
Aug 13Investors Don't See Light At End Of Zhongjin Gold Corp.,Ltd's (SHSE:600489) Tunnel
Jul 01Returns At Zhongjin GoldLtd (SHSE:600489) Are On The Way Up
Jun 17Calculating The Fair Value Of Zhongjin Gold Corp.,Ltd (SHSE:600489)
May 21Party Time: Brokers Just Made Major Increases To Their Zhongjin Gold Corp.,Ltd (SHSE:600489) Earnings Forecasts
May 03Improved Earnings Required Before Zhongjin Gold Corp.,Ltd (SHSE:600489) Stock's 28% Jump Looks Justified
Mar 29Here's Why We Think Zhongjin GoldLtd (SHSE:600489) Might Deserve Your Attention Today
Mar 28Zhongjin GoldLtd (SHSE:600489) Shareholders Will Want The ROCE Trajectory To Continue
Mar 14We Think Zhongjin GoldLtd (SHSE:600489) Can Stay On Top Of Its Debt
Feb 29Financial Position Analysis
Short Term Liabilities: 600489's short term assets (CN¥23.5B) exceed its short term liabilities (CN¥15.5B).
Long Term Liabilities: 600489's short term assets (CN¥23.5B) exceed its long term liabilities (CN¥8.1B).
Debt to Equity History and Analysis
Debt Level: 600489's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: 600489's debt to equity ratio has reduced from 66.7% to 48.9% over the past 5 years.
Debt Coverage: 600489's debt is well covered by operating cash flow (39.5%).
Interest Coverage: 600489's interest payments on its debt are well covered by EBIT (59.8x coverage).