Shanxi Meijin EnergyLtd Balance Sheet Health
Financial Health criteria checks 1/6
Shanxi Meijin EnergyLtd has a total shareholder equity of CN¥16.0B and total debt of CN¥7.7B, which brings its debt-to-equity ratio to 47.9%. Its total assets and total liabilities are CN¥42.0B and CN¥26.0B respectively.
Key information
47.9%
Debt to equity ratio
CN¥7.68b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.69b |
| Equity | CN¥16.04b |
| Total liabilities | CN¥25.98b |
| Total assets | CN¥42.02b |
Recent financial health updates
Shanxi Meijin EnergyLtd (SZSE:000723) Is Carrying A Fair Bit Of Debt
Jun 03
These 4 Measures Indicate That Shanxi Meijin EnergyLtd (SZSE:000723) Is Using Debt Extensively
Mar 01Recent updates
Investors Still Aren't Entirely Convinced By Shanxi Meijin Energy Co.,Ltd.'s (SZSE:000723) Revenues Despite 29% Price Jump
Sep 30Shanxi Meijin Energy Co.,Ltd.'s (SZSE:000723) Subdued P/S Might Signal An Opportunity
Aug 14Shanxi Meijin EnergyLtd (SZSE:000723) Is Carrying A Fair Bit Of Debt
Jun 03Here'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¥8.3B) do not cover its short term liabilities (CN¥16.9B).
Long Term Liabilities: 000723's short term assets (CN¥8.3B) do not cover its long term liabilities (CN¥9.1B).
Debt to Equity History and Analysis
Debt Level: 000723's net debt to equity ratio (24.9%) is considered satisfactory.
Reducing Debt: 000723's debt to equity ratio has increased from 38.3% to 47.9% over the past 5 years.
Debt Coverage: 000723's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: Insufficient data to determine if 000723's interest payments on its debt are well covered by EBIT.