Chifeng Jilong Gold MiningLtd Balance Sheet Health
Financial Health criteria checks 5/6
Chifeng Jilong Gold MiningLtd has a total shareholder equity of CN¥8.5B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 29.2%. Its total assets and total liabilities are CN¥18.7B and CN¥10.2B respectively. Chifeng Jilong Gold MiningLtd's EBIT is CN¥1.4B making its interest coverage ratio 8.3. It has cash and short-term investments of CN¥1.7B.
Key information
29.2%
Debt to equity ratio
CN¥2.49b
Debt
Interest coverage ratio | 8.3x |
Cash | CN¥1.69b |
Equity | CN¥8.54b |
Total liabilities | CN¥10.18b |
Total assets | CN¥18.72b |
Financial Position Analysis
Short Term Liabilities: 600988's short term assets (CN¥4.9B) exceed its short term liabilities (CN¥3.7B).
Long Term Liabilities: 600988's short term assets (CN¥4.9B) do not cover its long term liabilities (CN¥6.5B).
Debt to Equity History and Analysis
Debt Level: 600988's net debt to equity ratio (9.3%) is considered satisfactory.
Reducing Debt: 600988's debt to equity ratio has reduced from 30.5% to 29.2% over the past 5 years.
Debt Coverage: 600988's debt is well covered by operating cash flow (88.5%).
Interest Coverage: 600988's interest payments on its debt are well covered by EBIT (8.3x coverage).