Dazhong Mining Balance Sheet Health
Financial Health criteria checks 3/6
Dazhong Mining has a total shareholder equity of CN¥6.6B and total debt of CN¥6.8B, which brings its debt-to-equity ratio to 103.2%. Its total assets and total liabilities are CN¥15.1B and CN¥8.5B respectively. Dazhong Mining's EBIT is CN¥1.4B making its interest coverage ratio 5.1. It has cash and short-term investments of CN¥670.4M.
Key information
103.2%
Debt to equity ratio
CN¥6.78b
Debt
| Interest coverage ratio | 5.1x |
| Cash | CN¥670.37m |
| Equity | CN¥6.56b |
| Total liabilities | CN¥8.52b |
| Total assets | CN¥15.08b |
Recent financial health updates
We Think Inner Mongolia Dazhong Mining (SZSE:001203) Is Taking Some Risk With Its Debt
Jul 17
Is Inner Mongolia Dazhong Mining (SZSE:001203) Using Too Much Debt?
Apr 17Recent updates
Capital Allocation Trends At Dazhong Mining (SZSE:001203) Aren't Ideal
Sep 25We Think Inner Mongolia Dazhong Mining (SZSE:001203) Is Taking Some Risk With Its Debt
Jul 17Returns On Capital At Inner Mongolia Dazhong Mining (SZSE:001203) Have Stalled
Jun 26Earnings Working Against Inner Mongolia Dazhong Mining Co., Ltd.'s (SZSE:001203) Share Price
Jun 03Is Inner Mongolia Dazhong Mining (SZSE:001203) Using Too Much Debt?
Apr 17We Think You Should Be Aware Of Some Concerning Factors In Inner Mongolia Dazhong Mining's (SZSE:001203) Earnings
Mar 25Investors Could Be Concerned With Inner Mongolia Dazhong Mining's (SZSE:001203) Returns On Capital
Mar 11Financial Position Analysis
Short Term Liabilities: 001203's short term assets (CN¥1.7B) do not cover its short term liabilities (CN¥5.3B).
Long Term Liabilities: 001203's short term assets (CN¥1.7B) do not cover its long term liabilities (CN¥3.2B).
Debt to Equity History and Analysis
Debt Level: 001203's net debt to equity ratio (93%) is considered high.
Reducing Debt: 001203's debt to equity ratio has reduced from 287.8% to 103.2% over the past 5 years.
Debt Coverage: 001203's debt is well covered by operating cash flow (28.4%).
Interest Coverage: 001203's interest payments on its debt are well covered by EBIT (5.1x coverage).