China Kings Resources GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
China Kings Resources GroupLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 96.4%. Its total assets and total liabilities are CN¥5.4B and CN¥3.3B respectively. China Kings Resources GroupLtd's EBIT is CN¥434.4M making its interest coverage ratio -8.6. It has cash and short-term investments of CN¥316.5M.
Key information
96.4%
Debt to equity ratio
CN¥2.10b
Debt
| Interest coverage ratio | -8.6x |
| Cash | CN¥316.48m |
| Equity | CN¥2.18b |
| Total liabilities | CN¥3.27b |
| Total assets | CN¥5.45b |
Recent financial health updates
No updates
Recent updates
We Think You Should Be Aware Of Some Concerning Factors In China Kings Resources GroupLtd's (SHSE:603505) Earnings
Apr 29
Calculating The Fair Value Of China Kings Resources Group Co.,Ltd. (SHSE:603505)
Apr 02Be Wary Of China Kings Resources GroupLtd (SHSE:603505) And Its Returns On Capital
Mar 18China Kings Resources Group Co.,Ltd. (SHSE:603505) Stocks Shoot Up 28% But Its P/E Still Looks Reasonable
Mar 04Financial Position Analysis
Short Term Liabilities: 603505's short term assets (CN¥1.8B) do not cover its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603505's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 603505's net debt to equity ratio (81.9%) is considered high.
Reducing Debt: 603505's debt to equity ratio has increased from 42.9% to 96.4% over the past 5 years.
Debt Coverage: 603505's debt is not well covered by operating cash flow (2.5%).
Interest Coverage: 603505 earns more interest than it pays, so coverage of interest payments is not a concern.