GuoCheng MiningLTD Balance Sheet Health
Financial Health criteria checks 2/6
GuoCheng MiningLTD has a total shareholder equity of CN¥3.3B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 68.6%. Its total assets and total liabilities are CN¥8.8B and CN¥5.5B respectively. GuoCheng MiningLTD's EBIT is CN¥85.8M making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥141.7M.
Key information
68.6%
Debt to equity ratio
CN¥2.27b
Debt
| Interest coverage ratio | -7.2x |
| Cash | CN¥141.72m |
| Equity | CN¥3.30b |
| Total liabilities | CN¥5.45b |
| Total assets | CN¥8.76b |
Recent financial health updates
Recent updates
GuoCheng MiningLTD (SZSE:000688) Is Reinvesting At Lower Rates Of Return
Jun 15
These 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¥396.4M) do not cover its short term liabilities (CN¥3.2B).
Long Term Liabilities: 000688's short term assets (CN¥396.4M) do not cover its long term liabilities (CN¥2.3B).
Debt to Equity History and Analysis
Debt Level: 000688's net debt to equity ratio (64.3%) is considered high.
Reducing Debt: 000688's debt to equity ratio has increased from 0% to 68.6% over the past 5 years.
Debt Coverage: 000688's debt is well covered by operating cash flow (29.4%).
Interest Coverage: 000688 earns more interest than it pays, so coverage of interest payments is not a concern.