Zhongjin GoldLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhongjin GoldLtd has a total shareholder equity of CN¥31.6B and total debt of CN¥16.2B, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are CN¥55.3B and CN¥23.6B respectively. Zhongjin GoldLtd's EBIT is CN¥5.0B making its interest coverage ratio 41.6. It has cash and short-term investments of CN¥9.6B.
Key information
51.2%
Debt to equity ratio
CN¥16.20b
Debt
Interest coverage ratio | 41.6x |
Cash | CN¥9.57b |
Equity | CN¥31.64b |
Total liabilities | CN¥23.62b |
Total assets | CN¥55.26b |
Recent financial health updates
Recent updates
Improved 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¥16.9B).
Long Term Liabilities: 600489's short term assets (CN¥23.5B) exceed its long term liabilities (CN¥6.8B).
Debt to Equity History and Analysis
Debt Level: 600489's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: 600489's debt to equity ratio has reduced from 59.2% to 51.2% over the past 5 years.
Debt Coverage: 600489's debt is well covered by operating cash flow (48.3%).
Interest Coverage: 600489's interest payments on its debt are well covered by EBIT (41.6x coverage).