Jinhui Mining Incorporation Balance Sheet Health
Financial Health criteria checks 4/6
Jinhui Mining Incorporation has a total shareholder equity of CN¥3.3B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 86.3%. Its total assets and total liabilities are CN¥6.4B and CN¥3.1B respectively. Jinhui Mining Incorporation's EBIT is CN¥506.1M making its interest coverage ratio 7.8. It has cash and short-term investments of CN¥1.3B.
Key information
86.3%
Debt to equity ratio
CN¥2.82b
Debt
Interest coverage ratio | 7.8x |
Cash | CN¥1.26b |
Equity | CN¥3.27b |
Total liabilities | CN¥3.13b |
Total assets | CN¥6.40b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603132's short term assets (CN¥1.4B) do not cover its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603132's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603132's net debt to equity ratio (47.6%) is considered high.
Reducing Debt: 603132's debt to equity ratio has reduced from 406.5% to 86.3% over the past 5 years.
Debt Coverage: 603132's debt is well covered by operating cash flow (23.1%).
Interest Coverage: 603132's interest payments on its debt are well covered by EBIT (7.8x coverage).