Pangang Group Vanadium & Titanium Resources Balance Sheet Health
Financial Health criteria checks 6/6
Pangang Group Vanadium & Titanium Resources has a total shareholder equity of CN¥12.8B and total debt of CN¥66.0M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥15.2B and CN¥2.4B respectively. Pangang Group Vanadium & Titanium Resources's EBIT is CN¥374.1M making its interest coverage ratio -4.4. It has cash and short-term investments of CN¥1.5B.
Key information
0.5%
Debt to equity ratio
CN¥66.00m
Debt
| Interest coverage ratio | -4.4x |
| Cash | CN¥1.49b |
| Equity | CN¥12.77b |
| Total liabilities | CN¥2.45b |
| Total assets | CN¥15.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000629's short term assets (CN¥6.2B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 000629's short term assets (CN¥6.2B) exceed its long term liabilities (CN¥607.9M).
Debt to Equity History and Analysis
Debt Level: 000629 has more cash than its total debt.
Reducing Debt: 000629's debt to equity ratio has reduced from 14.4% to 0.5% over the past 5 years.
Debt Coverage: 000629's debt is well covered by operating cash flow (906.8%).
Interest Coverage: 000629 earns more interest than it pays, so coverage of interest payments is not a concern.