Inner Mongolia ERDOS ResourcesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Inner Mongolia ERDOS ResourcesLtd has a total shareholder equity of CN¥26.8B and total debt of CN¥6.7B, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are CN¥48.6B and CN¥21.7B respectively. Inner Mongolia ERDOS ResourcesLtd's EBIT is CN¥2.8B making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥4.7B.
Key information
24.9%
Debt to equity ratio
CN¥6.68b
Debt
Interest coverage ratio | -3.6x |
Cash | CN¥4.74b |
Equity | CN¥26.85b |
Total liabilities | CN¥21.74b |
Total assets | CN¥48.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600295's short term assets (CN¥11.8B) do not cover its short term liabilities (CN¥17.4B).
Long Term Liabilities: 600295's short term assets (CN¥11.8B) exceed its long term liabilities (CN¥4.4B).
Debt to Equity History and Analysis
Debt Level: 600295's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: 600295's debt to equity ratio has reduced from 150.7% to 24.9% over the past 5 years.
Debt Coverage: 600295's debt is well covered by operating cash flow (93.1%).
Interest Coverage: 600295 earns more interest than it pays, so coverage of interest payments is not a concern.