North Copper Balance Sheet Health
Financial Health criteria checks 4/6
North Copper has a total shareholder equity of CN¥5.2B and total debt of CN¥8.0B, which brings its debt-to-equity ratio to 154.8%. Its total assets and total liabilities are CN¥16.1B and CN¥11.0B respectively. North Copper's EBIT is CN¥1.0B making its interest coverage ratio 6. It has cash and short-term investments of CN¥1.5B.
Key information
154.8%
Debt to equity ratio
CN¥7.98b
Debt
Interest coverage ratio | 6x |
Cash | CN¥1.46b |
Equity | CN¥5.15b |
Total liabilities | CN¥10.96b |
Total assets | CN¥16.11b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That North Copper (SZSE:000737) Is Using Debt Extensively
May 24Concerns Surrounding North Copper's (SZSE:000737) Performance
May 02North Copper Co., Ltd. (SZSE:000737) Looks Just Right With A 41% Price Jump
Apr 25North Copper Co., Ltd. (SZSE:000737) Screens Well But There Might Be A Catch
Feb 28Financial 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 (126.4%) is considered high.
Reducing Debt: 000737's debt to equity ratio has reduced from 161.2% to 154.8% over the past 5 years.
Debt Coverage: 000737's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000737's interest payments on its debt are well covered by EBIT (6x coverage).