Fujian Minfa Aluminium Balance Sheet Health
Financial Health criteria checks 4/6
Fujian Minfa Aluminium has a total shareholder equity of CN¥1.5B and total debt of CN¥662.9M, which brings its debt-to-equity ratio to 43.2%. Its total assets and total liabilities are CN¥2.4B and CN¥913.2M respectively. Fujian Minfa Aluminium's EBIT is CN¥23.1M making its interest coverage ratio -4.5. It has cash and short-term investments of CN¥755.6M.
Key information
43.2%
Debt to equity ratio
CN¥662.86m
Debt
| Interest coverage ratio | -4.5x |
| Cash | CN¥755.60m |
| Equity | CN¥1.53b |
| Total liabilities | CN¥913.17m |
| Total assets | CN¥2.45b |
Recent financial health updates
No updates
Recent updates
Fujian Minfa Aluminium's (SZSE:002578) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 04
Returns On Capital At Fujian Minfa Aluminium (SZSE:002578) Paint A Concerning Picture
May 28We Think That There Are More Issues For Fujian Minfa Aluminium (SZSE:002578) Than Just Sluggish Earnings
Apr 15Fujian Minfa Aluminium Inc.'s (SZSE:002578) Shares Climb 30% But Its Business Is Yet to Catch Up
Mar 15Returns On Capital At Fujian Minfa Aluminium (SZSE:002578) Have Stalled
Feb 27Financial Position Analysis
Short Term Liabilities: 002578's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥888.1M).
Long Term Liabilities: 002578's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥25.1M).
Debt to Equity History and Analysis
Debt Level: 002578 has more cash than its total debt.
Reducing Debt: 002578's debt to equity ratio has increased from 3.5% to 43.2% over the past 5 years.
Debt Coverage: 002578's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: 002578 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 22:31 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Fujian Minfa Aluminium Inc. is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Qianming Wang | Everbright Securities Co. Ltd. |
| Xinrong Deng | Founder Securities Co., Ltd. |
| Shijun Xiao | Guodu Securities Co. |