Tongling Nonferrous Metals GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Tongling Nonferrous Metals GroupLtd has a total shareholder equity of CN¥41.2B and total debt of CN¥25.9B, which brings its debt-to-equity ratio to 62.9%. Its total assets and total liabilities are CN¥85.4B and CN¥44.3B respectively. Tongling Nonferrous Metals GroupLtd's EBIT is CN¥6.2B making its interest coverage ratio 11. It has cash and short-term investments of CN¥11.7B.
Key information
62.9%
Debt to equity ratio
CN¥25.89b
Debt
| Interest coverage ratio | 11x |
| Cash | CN¥11.66b |
| Equity | CN¥41.15b |
| Total liabilities | CN¥44.26b |
| Total assets | CN¥85.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000630's short term assets (CN¥47.0B) exceed its short term liabilities (CN¥29.1B).
Long Term Liabilities: 000630's short term assets (CN¥47.0B) exceed its long term liabilities (CN¥15.1B).
Debt to Equity History and Analysis
Debt Level: 000630's net debt to equity ratio (34.6%) is considered satisfactory.
Reducing Debt: 000630's debt to equity ratio has reduced from 89.9% to 62.9% over the past 5 years.
Debt Coverage: 000630's debt is well covered by operating cash flow (26.7%).
Interest Coverage: 000630's interest payments on its debt are well covered by EBIT (11x coverage).