Sichuan Anning Iron and TitaniumLtd Balance Sheet Health
Financial Health criteria checks 5/6
Sichuan Anning Iron and TitaniumLtd has a total shareholder equity of CN¥6.3B and total debt of CN¥405.7M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are CN¥7.4B and CN¥1.2B respectively. Sichuan Anning Iron and TitaniumLtd's EBIT is CN¥1.0B making its interest coverage ratio -13. It has cash and short-term investments of CN¥2.6B.
Key information
6.5%
Debt to equity ratio
CN¥405.68m
Debt
Interest coverage ratio | -13x |
Cash | CN¥2.61b |
Equity | CN¥6.27b |
Total liabilities | CN¥1.17b |
Total assets | CN¥7.44b |
Recent financial health updates
Recent updates
Does Sichuan Anning Iron and TitaniumLtd (SZSE:002978) Have A Healthy Balance Sheet?
Jul 12Earnings Troubles May Signal Larger Issues for Sichuan Anning Iron and TitaniumLtd (SZSE:002978) Shareholders
Apr 25Sichuan Anning Iron and TitaniumLtd's (SZSE:002978) Returns On Capital Not Reflecting Well On The Business
Mar 13Financial Position Analysis
Short Term Liabilities: 002978's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥938.1M).
Long Term Liabilities: 002978's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥232.1M).
Debt to Equity History and Analysis
Debt Level: 002978 has more cash than its total debt.
Reducing Debt: 002978's debt to equity ratio has increased from 5.4% to 6.5% over the past 5 years.
Debt Coverage: 002978's debt is well covered by operating cash flow (171.1%).
Interest Coverage: 002978 earns more interest than it pays, so coverage of interest payments is not a concern.