Tibet Huayu Mining Balance Sheet Health
Financial Health criteria checks 4/6
Tibet Huayu Mining has a total shareholder equity of CN¥3.5B and total debt of CN¥695.6M, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are CN¥5.4B and CN¥1.8B respectively. Tibet Huayu Mining's EBIT is CN¥128.3M making its interest coverage ratio 6.8. It has cash and short-term investments of CN¥185.6M.
Key information
19.7%
Debt to equity ratio
CN¥695.56m
Debt
Interest coverage ratio | 6.8x |
Cash | CN¥185.61m |
Equity | CN¥3.54b |
Total liabilities | CN¥1.81b |
Total assets | CN¥5.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601020's short term assets (CN¥497.8M) do not cover its short term liabilities (CN¥1.0B).
Long Term Liabilities: 601020's short term assets (CN¥497.8M) do not cover its long term liabilities (CN¥780.4M).
Debt to Equity History and Analysis
Debt Level: 601020's net debt to equity ratio (14.4%) is considered satisfactory.
Reducing Debt: 601020's debt to equity ratio has reduced from 30.7% to 19.7% over the past 5 years.
Debt Coverage: 601020's debt is well covered by operating cash flow (45.2%).
Interest Coverage: 601020's interest payments on its debt are well covered by EBIT (6.8x coverage).