Tibet Mineral Development Balance Sheet Health
Financial Health criteria checks 4/6
Tibet Mineral Development has a total shareholder equity of CN¥3.9B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 33.1%. Its total assets and total liabilities are CN¥7.3B and CN¥3.4B respectively. Tibet Mineral Development's EBIT is CN¥337.4M making its interest coverage ratio -41.1. It has cash and short-term investments of CN¥1.4B.
Key information
33.1%
Debt to equity ratio
CN¥1.30b
Debt
| Interest coverage ratio | -41.1x |
| Cash | CN¥1.43b |
| Equity | CN¥3.91b |
| Total liabilities | CN¥3.41b |
| Total assets | CN¥7.32b |
Recent financial health updates
Recent updates
Getting In Cheap On Tibet Mineral Development Co., LTD (SZSE:000762) Might Be Difficult
Jul 12
Is Tibet Mineral Development (SZSE:000762) A Risky Investment?
Jun 06Tibet Mineral Development's (SZSE:000762) Problems Go Beyond Weak Profit
May 02Market Might Still Lack Some Conviction On Tibet Mineral Development Co., LTD (SZSE:000762) Even After 29% Share Price Boost
Mar 06Financial Position Analysis
Short Term Liabilities: 000762's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥359.3M).
Long Term Liabilities: 000762's short term assets (CN¥1.8B) do not cover its long term liabilities (CN¥3.0B).
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 7.9% to 33.1% over the past 5 years.
Debt Coverage: 000762's debt is well covered by operating cash flow (37.2%).
Interest Coverage: 000762 earns more interest than it pays, so coverage of interest payments is not a concern.