Zhongjin GoldLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhongjin GoldLtd has a total shareholder equity of CN¥32.0B and total debt of CN¥15.6B, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are CN¥55.6B and CN¥23.6B respectively. Zhongjin GoldLtd's EBIT is CN¥6.0B making its interest coverage ratio 59.8. It has cash and short-term investments of CN¥8.3B.
Key information
48.9%
Debt to equity ratio
CN¥15.63b
Debt
| Interest coverage ratio | 59.8x |
| Cash | CN¥8.31b |
| Equity | CN¥31.98b |
| Total liabilities | CN¥23.60b |
| Total assets | CN¥55.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600489's short term assets (CN¥23.5B) exceed its short term liabilities (CN¥15.5B).
Long Term Liabilities: 600489's short term assets (CN¥23.5B) exceed its long term liabilities (CN¥8.1B).
Debt to Equity History and Analysis
Debt Level: 600489's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: 600489's debt to equity ratio has reduced from 66.7% to 48.9% over the past 5 years.
Debt Coverage: 600489's debt is well covered by operating cash flow (39.5%).
Interest Coverage: 600489's interest payments on its debt are well covered by EBIT (59.8x coverage).