Ningbo Jintian Copper (Group) Balance Sheet Health
Financial Health criteria checks 2/6
Ningbo Jintian Copper (Group) has a total shareholder equity of CN¥8.6B and total debt of CN¥12.5B, which brings its debt-to-equity ratio to 145%. Its total assets and total liabilities are CN¥25.9B and CN¥17.3B respectively. Ningbo Jintian Copper (Group)'s EBIT is CN¥1.2B making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥1.1B.
Key information
145.0%
Debt to equity ratio
CN¥12.46b
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥1.15b |
| Equity | CN¥8.59b |
| Total liabilities | CN¥17.34b |
| Total assets | CN¥25.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601609's short term assets (CN¥19.1B) exceed its short term liabilities (CN¥8.7B).
Long Term Liabilities: 601609's short term assets (CN¥19.1B) exceed its long term liabilities (CN¥8.6B).
Debt to Equity History and Analysis
Debt Level: 601609's net debt to equity ratio (131.7%) is considered high.
Reducing Debt: 601609's debt to equity ratio has increased from 74.3% to 145% over the past 5 years.
Debt Coverage: 601609's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601609's interest payments on its debt are not well covered by EBIT (2.5x coverage).