GuoCheng MiningLTD Balance Sheet Health
Financial Health criteria checks 2/6
GuoCheng MiningLTD has a total shareholder equity of CN¥3.4B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 70.3%. Its total assets and total liabilities are CN¥9.1B and CN¥5.7B respectively. GuoCheng MiningLTD's EBIT is CN¥258.0M making its interest coverage ratio 37.8. It has cash and short-term investments of CN¥221.2M.
Key information
70.3%
Debt to equity ratio
CN¥2.40b
Debt
| Interest coverage ratio | 37.8x |
| Cash | CN¥221.19m |
| Equity | CN¥3.41b |
| Total liabilities | CN¥5.71b |
| Total assets | CN¥9.12b |
Recent financial health updates
Recent updates
Some Confidence Is Lacking In GuoCheng Mining CO.,LTD (SZSE:000688) As Shares Slide 26%
Jun 30
GuoCheng MiningLTD (SZSE:000688) Is Reinvesting At Lower Rates Of Return
Jun 15These 4 Measures Indicate That GuoCheng MiningLTD (SZSE:000688) Is Using Debt Extensively
May 25Investors Can Find Comfort In GuoCheng MiningLTD's (SZSE:000688) Earnings Quality
May 03GuoCheng Mining CO.,LTD's (SZSE:000688) 29% Share Price Surge Not Quite Adding Up
Mar 19Financial Position Analysis
Short Term Liabilities: 000688's short term assets (CN¥543.9M) do not cover its short term liabilities (CN¥3.2B).
Long Term Liabilities: 000688's short term assets (CN¥543.9M) do not cover its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 000688's net debt to equity ratio (63.8%) is considered high.
Reducing Debt: 000688's debt to equity ratio has increased from 0% to 70.3% over the past 5 years.
Debt Coverage: 000688's debt is well covered by operating cash flow (26.4%).
Interest Coverage: 000688's interest payments on its debt are well covered by EBIT (37.8x coverage).