Qinghai Salt Lake IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Qinghai Salt Lake IndustryLtd has a total shareholder equity of CN¥34.7B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are CN¥46.4B and CN¥11.7B respectively. Qinghai Salt Lake IndustryLtd's EBIT is CN¥9.9B making its interest coverage ratio -37.8. It has cash and short-term investments of CN¥21.4B.
Key information
12.8%
Debt to equity ratio
CN¥4.43b
Debt
Interest coverage ratio | -37.8x |
Cash | CN¥21.38b |
Equity | CN¥34.69b |
Total liabilities | CN¥11.72b |
Total assets | CN¥46.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000792's short term assets (CN¥30.4B) exceed its short term liabilities (CN¥9.4B).
Long Term Liabilities: 000792's short term assets (CN¥30.4B) exceed its long term liabilities (CN¥2.3B).
Debt to Equity History and Analysis
Debt Level: 000792 has more cash than its total debt.
Reducing Debt: 000792's debt to equity ratio has reduced from 214.5% to 12.8% over the past 5 years.
Debt Coverage: 000792's debt is well covered by operating cash flow (273.4%).
Interest Coverage: 000792 earns more interest than it pays, so coverage of interest payments is not a concern.