Jiangxi Copper Balance Sheet Health
Financial Health criteria checks 4/6
Jiangxi Copper has a total shareholder equity of CN¥85.9B and total debt of CN¥78.7B, which brings its debt-to-equity ratio to 91.7%. Its total assets and total liabilities are CN¥202.9B and CN¥117.1B respectively. Jiangxi Copper's EBIT is CN¥11.3B making its interest coverage ratio 53. It has cash and short-term investments of CN¥55.3B.
Key information
91.7%
Debt to equity ratio
CN¥78.72b
Debt
| Interest coverage ratio | 53x |
| Cash | CN¥55.29b |
| Equity | CN¥85.86b |
| Total liabilities | CN¥117.06b |
| Total assets | CN¥202.91b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600362's short term assets (CN¥130.1B) exceed its short term liabilities (CN¥96.2B).
Long Term Liabilities: 600362's short term assets (CN¥130.1B) exceed its long term liabilities (CN¥20.8B).
Debt to Equity History and Analysis
Debt Level: 600362's net debt to equity ratio (27.3%) is considered satisfactory.
Reducing Debt: 600362's debt to equity ratio has increased from 89.2% to 91.7% over the past 5 years.
Debt Coverage: 600362's debt is not well covered by operating cash flow (4.1%).
Interest Coverage: 600362's interest payments on its debt are well covered by EBIT (53x coverage).