Sichuan Anning Iron and TitaniumLtd Balance Sheet Health
Financial Health criteria checks 5/6
Sichuan Anning Iron and TitaniumLtd has a total shareholder equity of CN¥6.3B and total debt of CN¥426.6M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are CN¥7.6B and CN¥1.3B respectively. Sichuan Anning Iron and TitaniumLtd's EBIT is CN¥1.0B making its interest coverage ratio -14.2. It has cash and short-term investments of CN¥2.7B.
Key information
6.8%
Debt to equity ratio
CN¥426.63m
Debt
| Interest coverage ratio | -14.2x |
| Cash | CN¥2.69b |
| Equity | CN¥6.28b |
| Total liabilities | CN¥1.27b |
| Total assets | CN¥7.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002978's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 002978's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥244.1M).
Debt to Equity History and Analysis
Debt Level: 002978 has more cash than its total debt.
Reducing Debt: 002978's debt to equity ratio has increased from 3.4% to 6.8% over the past 5 years.
Debt Coverage: 002978's debt is well covered by operating cash flow (206.8%).
Interest Coverage: 002978 earns more interest than it pays, so coverage of interest payments is not a concern.