Huaibei Mining HoldingsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Huaibei Mining HoldingsLtd has a total shareholder equity of CN¥46.5B and total debt of CN¥6.0B, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are CN¥89.5B and CN¥43.0B respectively. Huaibei Mining HoldingsLtd's EBIT is CN¥6.0B making its interest coverage ratio 21.4. It has cash and short-term investments of CN¥7.2B.
Key information
12.9%
Debt to equity ratio
CN¥6.02b
Debt
| Interest coverage ratio | 21.4x |
| Cash | CN¥7.20b |
| Equity | CN¥46.48b |
| Total liabilities | CN¥43.05b |
| Total assets | CN¥89.52b |
Recent financial health updates
We Think Huaibei Mining HoldingsLtd (SHSE:600985) Can Stay On Top Of Its Debt
Oct 11
Huaibei Mining HoldingsLtd (SHSE:600985) Seems To Use Debt Quite Sensibly
Jun 21Does Huaibei Mining HoldingsLtd (SHSE:600985) Have A Healthy Balance Sheet?
Feb 28Recent updates
The Returns On Capital At Huaibei Mining HoldingsLtd (SHSE:600985) Don't Inspire Confidence
Dec 12We Think That There Are More Issues For Huaibei Mining HoldingsLtd (SHSE:600985) Than Just Sluggish Earnings
Nov 05Improved Earnings Required Before Huaibei Mining Holdings Co.,Ltd. (SHSE:600985) Stock's 35% Jump Looks Justified
Oct 14We Think Huaibei Mining HoldingsLtd (SHSE:600985) Can Stay On Top Of Its Debt
Oct 11Are Investors Undervaluing Huaibei Mining Holdings Co.,Ltd. (SHSE:600985) By 41%?
Sep 22Returns On Capital Signal Tricky Times Ahead For Huaibei Mining HoldingsLtd (SHSE:600985)
Jul 30Huaibei Mining Holdings Co.,Ltd.'s (SHSE:600985) Earnings Are Not Doing Enough For Some Investors
Jul 12Huaibei Mining HoldingsLtd (SHSE:600985) Seems To Use Debt Quite Sensibly
Jun 21Calculating The Intrinsic Value Of Huaibei Mining Holdings Co.,Ltd. (SHSE:600985)
May 21Weak Statutory Earnings May Not Tell The Whole Story For Huaibei Mining HoldingsLtd (SHSE:600985)
May 03Investors 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¥17.8B) do not cover its short term liabilities (CN¥27.5B).
Long Term Liabilities: 600985's short term assets (CN¥17.8B) exceed its long term liabilities (CN¥15.5B).
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 98.2% to 12.9% over the past 5 years.
Debt Coverage: 600985's debt is well covered by operating cash flow (222.4%).
Interest Coverage: 600985's interest payments on its debt are well covered by EBIT (21.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 21:58 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Huaibei Mining Holdings Co.,Ltd. is covered by 11 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ning Jin | Changjiang Securities Co. LTD. |
| Yan Chen | China International Capital Corporation Limited |
| Guopeng Zu | Citic Securities Co., Ltd. |