Tongling Nonferrous Metals GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Tongling Nonferrous Metals GroupLtd has a total shareholder equity of CN¥41.7B and total debt of CN¥25.9B, which brings its debt-to-equity ratio to 62.1%. Its total assets and total liabilities are CN¥85.8B and CN¥44.1B respectively. Tongling Nonferrous Metals GroupLtd's EBIT is CN¥5.9B making its interest coverage ratio 11.1. It has cash and short-term investments of CN¥11.3B.
Key information
62.1%
Debt to equity ratio
CN¥25.91b
Debt
| Interest coverage ratio | 11.1x |
| Cash | CN¥11.32b |
| Equity | CN¥41.74b |
| Total liabilities | CN¥44.07b |
| Total assets | CN¥85.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000630's short term assets (CN¥47.1B) exceed its short term liabilities (CN¥28.8B).
Long Term Liabilities: 000630's short term assets (CN¥47.1B) exceed its long term liabilities (CN¥15.3B).
Debt to Equity History and Analysis
Debt Level: 000630's net debt to equity ratio (35%) is considered satisfactory.
Reducing Debt: 000630's debt to equity ratio has reduced from 84.2% to 62.1% over the past 5 years.
Debt Coverage: 000630's debt is not well covered by operating cash flow (16%).
Interest Coverage: 000630's interest payments on its debt are well covered by EBIT (11.1x coverage).