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¥12.7B and total debt of CN¥128.2M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are CN¥15.2B and CN¥2.4B respectively. Pangang Group Vanadium & Titanium Resources's EBIT is CN¥547.8M making its interest coverage ratio -7.5. It has cash and short-term investments of CN¥4.3B.
Key information
1.0%
Debt to equity ratio
CN¥128.19m
Debt
| Interest coverage ratio | -7.5x |
| Cash | CN¥4.29b |
| Equity | CN¥12.74b |
| Total liabilities | CN¥2.43b |
| Total assets | CN¥15.18b |
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¥1.9B).
Long Term Liabilities: 000629's short term assets (CN¥6.2B) exceed its long term liabilities (CN¥576.4M).
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 18.8% to 1% over the past 5 years.
Debt Coverage: 000629's debt is well covered by operating cash flow (677%).
Interest Coverage: 000629 earns more interest than it pays, so coverage of interest payments is not a concern.