Shanxi Meijin EnergyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shanxi Meijin EnergyLtd has a total shareholder equity of CN¥16.4B and total debt of CN¥9.9B, which brings its debt-to-equity ratio to 60.1%. Its total assets and total liabilities are CN¥42.2B and CN¥25.8B respectively.
Key information
60.1%
Debt to equity ratio
CN¥9.86b
Debt
Interest coverage ratio | n/a |
Cash | CN¥5.21b |
Equity | CN¥16.40b |
Total liabilities | CN¥25.77b |
Total assets | CN¥42.18b |
Recent financial health updates
These 4 Measures Indicate That Shanxi Meijin EnergyLtd (SZSE:000723) Is Using Debt Extensively
Mar 01Recent updates
Here's What's Concerning About Shanxi Meijin EnergyLtd's (SZSE:000723) Returns On Capital
Apr 22Earnings Not Telling The Story For Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) After Shares Rise 46%
Mar 03These 4 Measures Indicate That Shanxi Meijin EnergyLtd (SZSE:000723) Is Using Debt Extensively
Mar 01Financial Position Analysis
Short Term Liabilities: 000723's short term assets (CN¥9.5B) do not cover its short term liabilities (CN¥17.4B).
Long Term Liabilities: 000723's short term assets (CN¥9.5B) exceed its long term liabilities (CN¥8.4B).
Debt to Equity History and Analysis
Debt Level: 000723's net debt to equity ratio (28.3%) is considered satisfactory.
Reducing Debt: 000723's debt to equity ratio has increased from 36.8% to 60.1% over the past 5 years.
Debt Coverage: 000723's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: Insufficient data to determine if 000723's interest payments on its debt are well covered by EBIT.