Tibet Mineral Development Balance Sheet Health
Financial Health criteria checks 3/6
Tibet Mineral Development has a total shareholder equity of CN¥3.8B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are CN¥7.6B and CN¥3.8B respectively. Tibet Mineral Development's EBIT is CN¥323.0M making its interest coverage ratio -14.7. It has cash and short-term investments of CN¥1.6B.
Key information
34.4%
Debt to equity ratio
CN¥1.32b
Debt
| Interest coverage ratio | -14.7x |
| Cash | CN¥1.65b |
| Equity | CN¥3.84b |
| Total liabilities | CN¥3.78b |
| Total assets | CN¥7.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000762's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥670.7M).
Long Term Liabilities: 000762's short term assets (CN¥2.1B) do not cover its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 000762 has more cash than its total debt.
Reducing Debt: 000762's debt to equity ratio has increased from 12.5% to 34.4% over the past 5 years.
Debt Coverage: 000762's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: 000762 earns more interest than it pays, so coverage of interest payments is not a concern.