Xinjiang Baodi Mining Balance Sheet Health
Financial Health criteria checks 6/6
Xinjiang Baodi Mining has a total shareholder equity of CN¥3.9B and total debt of CN¥197.6M, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are CN¥6.4B and CN¥2.5B respectively. Xinjiang Baodi Mining's EBIT is CN¥356.0M making its interest coverage ratio -14.9. It has cash and short-term investments of CN¥1.4B.
Key information
5.1%
Debt to equity ratio
CN¥197.64m
Debt
| Interest coverage ratio | -14.9x |
| Cash | CN¥1.36b |
| Equity | CN¥3.91b |
| Total liabilities | CN¥2.46b |
| Total assets | CN¥6.36b |
Financial Position Analysis
Short Term Liabilities: 601121's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 601121's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 601121 has more cash than its total debt.
Reducing Debt: 601121's debt to equity ratio has reduced from 14.5% to 5.1% over the past 5 years.
Debt Coverage: 601121's debt is well covered by operating cash flow (225.5%).
Interest Coverage: 601121 earns more interest than it pays, so coverage of interest payments is not a concern.