Fujian Minfa Aluminium Balance Sheet Health
Financial Health criteria checks 4/6
Fujian Minfa Aluminium has a total shareholder equity of CN¥1.6B and total debt of CN¥753.3M, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are CN¥2.6B and CN¥1.0B respectively. Fujian Minfa Aluminium's EBIT is CN¥22.8M making its interest coverage ratio -5.8. It has cash and short-term investments of CN¥744.4M.
Key information
48.4%
Debt to equity ratio
CN¥753.31m
Debt
| Interest coverage ratio | -5.8x |
| Cash | CN¥744.44m |
| Equity | CN¥1.55b |
| Total liabilities | CN¥1.01b |
| Total assets | CN¥2.56b |
Recent financial health updates
No updates
Recent updates
Returns On Capital At Fujian Minfa Aluminium (SZSE:002578) Paint A Concerning Picture
May 28
We 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¥1.9B) exceed its short term liabilities (CN¥981.5M).
Long Term Liabilities: 002578's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥27.7M).
Debt to Equity History and Analysis
Debt Level: 002578's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: 002578's debt to equity ratio has increased from 0% to 48.4% over the past 5 years.
Debt Coverage: 002578's debt is not well covered by operating cash flow (8%).
Interest Coverage: 002578 earns more interest than it pays, so coverage of interest payments is not a concern.