Ningbo Jintian Copper (Group) Balance Sheet Health
Financial Health criteria checks 2/6
Ningbo Jintian Copper (Group) has a total shareholder equity of CN¥8.5B and total debt of CN¥13.3B, which brings its debt-to-equity ratio to 156.8%. Its total assets and total liabilities are CN¥26.8B and CN¥18.3B respectively. Ningbo Jintian Copper (Group)'s EBIT is CN¥1.2B making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥2.3B.
Key information
156.8%
Debt to equity ratio
CN¥13.33b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CN¥2.25b |
| Equity | CN¥8.50b |
| Total liabilities | CN¥18.31b |
| Total assets | CN¥26.81b |
Recent financial health updates
Recent updates
Solid Earnings May Not Tell The Whole Story For Ningbo Jintian Copper (Group) (SHSE:601609)
Nov 04
Not Many Are Piling Into Ningbo Jintian Copper (Group) Co., Ltd. (SHSE:601609) Just Yet
Sep 24There's No Escaping Ningbo Jintian Copper (Group) Co., Ltd.'s (SHSE:601609) Muted Earnings
Jun 25Calculating The Intrinsic Value Of Ningbo Jintian Copper (Group) Co., Ltd. (SHSE:601609)
Jun 07Is Ningbo Jintian Copper (Group) (SHSE:601609) A Risky Investment?
May 21Returns On Capital At Ningbo Jintian Copper (Group) (SHSE:601609) Paint A Concerning Picture
Apr 17Financial Position Analysis
Short Term Liabilities: 601609's short term assets (CN¥19.9B) exceed its short term liabilities (CN¥10.2B).
Long Term Liabilities: 601609's short term assets (CN¥19.9B) exceed its long term liabilities (CN¥8.1B).
Debt to Equity History and Analysis
Debt Level: 601609's net debt to equity ratio (130.2%) is considered high.
Reducing Debt: 601609's debt to equity ratio has increased from 68.5% to 156.8% over the past 5 years.
Debt Coverage: 601609's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: 601609's interest payments on its debt are not well covered by EBIT (2.4x coverage).