Zhuzhou Smelter GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhuzhou Smelter GroupLtd has a total shareholder equity of CN¥4.1B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 56%. Its total assets and total liabilities are CN¥8.9B and CN¥4.8B respectively. Zhuzhou Smelter GroupLtd's EBIT is CN¥779.0M making its interest coverage ratio 11.7. It has cash and short-term investments of CN¥683.2M.
Key information
56.0%
Debt to equity ratio
CN¥2.31b
Debt
| Interest coverage ratio | 11.7x |
| Cash | CN¥683.17m |
| Equity | CN¥4.12b |
| Total liabilities | CN¥4.81b |
| Total assets | CN¥8.94b |
Recent financial health updates
Does Zhuzhou Smelter GroupLtd (SHSE:600961) Have A Healthy Balance Sheet?
Jul 18
Is Zhuzhou Smelter GroupLtd (SHSE:600961) Using Too Much Debt?
Feb 29Recent updates
The Market Doesn't Like What It Sees From Zhuzhou Smelter Group Co.,Ltd.'s (SHSE:600961) Earnings Yet
Aug 09Does Zhuzhou Smelter GroupLtd (SHSE:600961) Have A Healthy Balance Sheet?
Jul 18Solid Earnings May Not Tell The Whole Story For Zhuzhou Smelter GroupLtd (SHSE:600961)
Apr 24Earnings Tell The Story For Zhuzhou Smelter Group Co.,Ltd. (SHSE:600961) As Its Stock Soars 29%
Mar 29Is Zhuzhou Smelter GroupLtd (SHSE:600961) Using Too Much Debt?
Feb 29Financial Position Analysis
Short Term Liabilities: 600961's short term assets (CN¥3.7B) do not cover its short term liabilities (CN¥4.1B).
Long Term Liabilities: 600961's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥718.1M).
Debt to Equity History and Analysis
Debt Level: 600961's net debt to equity ratio (39.4%) is considered satisfactory.
Reducing Debt: 600961's debt to equity ratio has reduced from 757.5% to 56% over the past 5 years.
Debt Coverage: 600961's debt is well covered by operating cash flow (52.9%).
Interest Coverage: 600961's interest payments on its debt are well covered by EBIT (11.7x coverage).