Inner Mongolia ERDOS ResourcesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Inner Mongolia ERDOS ResourcesLtd has a total shareholder equity of CN¥26.4B and total debt of CN¥7.8B, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are CN¥48.6B and CN¥22.2B respectively. Inner Mongolia ERDOS ResourcesLtd's EBIT is CN¥3.5B making its interest coverage ratio -3.4. It has cash and short-term investments of CN¥5.9B.
Key information
29.4%
Debt to equity ratio
CN¥7.75b
Debt
Interest coverage ratio | -3.4x |
Cash | CN¥5.91b |
Equity | CN¥26.39b |
Total liabilities | CN¥22.17b |
Total assets | CN¥48.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 900936's short term assets (CN¥12.9B) do not cover its short term liabilities (CN¥17.3B).
Long Term Liabilities: 900936's short term assets (CN¥12.9B) exceed its long term liabilities (CN¥4.9B).
Debt to Equity History and Analysis
Debt Level: 900936's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: 900936's debt to equity ratio has reduced from 159.8% to 29.4% over the past 5 years.
Debt Coverage: 900936's debt is well covered by operating cash flow (84%).
Interest Coverage: 900936 earns more interest than it pays, so coverage of interest payments is not a concern.