North Copper Balance Sheet Health
Financial Health criteria checks 3/6
North Copper has a total shareholder equity of CN¥5.2B and total debt of CN¥8.4B, which brings its debt-to-equity ratio to 162.8%. Its total assets and total liabilities are CN¥16.1B and CN¥11.0B respectively. North Copper's EBIT is CN¥1.1B making its interest coverage ratio -59.7. It has cash and short-term investments of CN¥1.5B.
Key information
162.8%
Debt to equity ratio
CN¥8.39b
Debt
| Interest coverage ratio | -59.7x |
| Cash | CN¥1.46b |
| Equity | CN¥5.15b |
| Total liabilities | CN¥10.96b |
| Total assets | CN¥16.11b |
Financial Position Analysis
Short Term Liabilities: 000737's short term assets (CN¥7.5B) exceed its short term liabilities (CN¥4.3B).
Long Term Liabilities: 000737's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥6.7B).
Debt to Equity History and Analysis
Debt Level: 000737's net debt to equity ratio (134.4%) is considered high.
Reducing Debt: 000737's debt to equity ratio has increased from 161.2% to 162.8% over the past 5 years.
Debt Coverage: 000737's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000737 earns more interest than it pays, so coverage of interest payments is not a concern.