Tongling Nonferrous Metals GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Tongling Nonferrous Metals GroupLtd has a total shareholder equity of CN¥41.0B and total debt of CN¥24.7B, which brings its debt-to-equity ratio to 60.1%. Its total assets and total liabilities are CN¥82.7B and CN¥41.6B respectively. Tongling Nonferrous Metals GroupLtd's EBIT is CN¥6.0B making its interest coverage ratio 10.5. It has cash and short-term investments of CN¥12.0B.
Key information
60.1%
Debt to equity ratio
CN¥24.67b
Debt
| Interest coverage ratio | 10.5x |
| Cash | CN¥11.99b |
| Equity | CN¥41.02b |
| Total liabilities | CN¥41.63b |
| Total assets | CN¥82.66b |
Recent financial health updates
Recent updates
We Think That There Are More Issues For Tongling Nonferrous Metals GroupLtd (SZSE:000630) Than Just Sluggish Earnings
May 05
Tongling Nonferrous Metals GroupLtd (SZSE:000630) Has A Pretty Healthy Balance Sheet
Apr 29Tongling Nonferrous Metals Group Co.,Ltd. (SZSE:000630) Soars 26% But It's A Story Of Risk Vs Reward
Apr 03Financial Position Analysis
Short Term Liabilities: 000630's short term assets (CN¥45.0B) exceed its short term liabilities (CN¥27.3B).
Long Term Liabilities: 000630's short term assets (CN¥45.0B) exceed its long term liabilities (CN¥14.4B).
Debt to Equity History and Analysis
Debt Level: 000630's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: 000630's debt to equity ratio has reduced from 92.4% to 60.1% over the past 5 years.
Debt Coverage: 000630's debt is well covered by operating cash flow (32.1%).
Interest Coverage: 000630's interest payments on its debt are well covered by EBIT (10.5x coverage).