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¥514.8M, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are CN¥7.7B and CN¥1.4B respectively. Sichuan Anning Iron and TitaniumLtd's EBIT is CN¥1.0B making its interest coverage ratio -17.2. It has cash and short-term investments of CN¥2.6B.
Key information
8.1%
Debt to equity ratio
CN¥514.82m
Debt
| Interest coverage ratio | -17.2x |
| Cash | CN¥2.62b |
| Equity | CN¥6.33b |
| Total liabilities | CN¥1.37b |
| Total assets | CN¥7.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002978's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002978's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥239.2M).
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 1.6% to 8.1% over the past 5 years.
Debt Coverage: 002978's debt is well covered by operating cash flow (189.5%).
Interest Coverage: 002978 earns more interest than it pays, so coverage of interest payments is not a concern.