Snowsky Salt Industry GroupLTD Balance Sheet Health
Financial Health criteria checks 6/6
Snowsky Salt Industry GroupLTD has a total shareholder equity of CN¥8.4B and total debt of CN¥160.9M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are CN¥11.5B and CN¥3.1B respectively. Snowsky Salt Industry GroupLTD's EBIT is CN¥704.0M making its interest coverage ratio -53.6. It has cash and short-term investments of CN¥2.3B.
Key information
1.9%
Debt to equity ratio
CN¥160.92m
Debt
| Interest coverage ratio | -53.6x |
| Cash | CN¥2.27b |
| Equity | CN¥8.38b |
| Total liabilities | CN¥3.09b |
| Total assets | CN¥11.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600929's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 600929's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥302.2M).
Debt to Equity History and Analysis
Debt Level: 600929 has more cash than its total debt.
Reducing Debt: 600929's debt to equity ratio has reduced from 24.1% to 1.9% over the past 5 years.
Debt Coverage: 600929's debt is well covered by operating cash flow (648%).
Interest Coverage: 600929 earns more interest than it pays, so coverage of interest payments is not a concern.