Huaibei Mining HoldingsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Huaibei Mining HoldingsLtd has a total shareholder equity of CN¥46.3B and total debt of CN¥6.9B, which brings its debt-to-equity ratio to 14.8%. Its total assets and total liabilities are CN¥87.2B and CN¥40.9B respectively. Huaibei Mining HoldingsLtd's EBIT is CN¥6.3B making its interest coverage ratio 15.8. It has cash and short-term investments of CN¥8.1B.
Key information
14.8%
Debt to equity ratio
CN¥6.85b
Debt
| Interest coverage ratio | 15.8x |
| Cash | CN¥8.11b |
| Equity | CN¥46.31b |
| Total liabilities | CN¥40.90b |
| Total assets | CN¥87.21b |
Recent financial health updates
Recent updates
Weak Statutory Earnings May Not Tell The Whole Story For Huaibei Mining HoldingsLtd (SHSE:600985)
May 03
Investors Could Be Concerned With Huaibei Mining HoldingsLtd's (SHSE:600985) Returns On Capital
Apr 16Huaibei Mining Holdings Co.,Ltd.'s (SHSE:600985) Share Price Is Matching Sentiment Around Its Earnings
Mar 21Does Huaibei Mining HoldingsLtd (SHSE:600985) Have A Healthy Balance Sheet?
Feb 28Financial Position Analysis
Short Term Liabilities: 600985's short term assets (CN¥18.5B) do not cover its short term liabilities (CN¥26.4B).
Long Term Liabilities: 600985's short term assets (CN¥18.5B) exceed its long term liabilities (CN¥14.5B).
Debt to Equity History and Analysis
Debt Level: 600985 has more cash than its total debt.
Reducing Debt: 600985's debt to equity ratio has reduced from 96.8% to 14.8% over the past 5 years.
Debt Coverage: 600985's debt is well covered by operating cash flow (193.8%).
Interest Coverage: 600985's interest payments on its debt are well covered by EBIT (15.8x coverage).