Western MiningLtd Balance Sheet Health
Financial Health criteria checks 3/6
Western MiningLtd has a total shareholder equity of CN¥21.0B and total debt of CN¥21.6B, which brings its debt-to-equity ratio to 102.9%. Its total assets and total liabilities are CN¥52.7B and CN¥31.7B respectively. Western MiningLtd's EBIT is CN¥6.7B making its interest coverage ratio 15.8. It has cash and short-term investments of CN¥6.0B.
Key information
102.9%
Debt to equity ratio
CN¥21.62b
Debt
Interest coverage ratio | 15.8x |
Cash | CN¥6.02b |
Equity | CN¥21.02b |
Total liabilities | CN¥31.72b |
Total assets | CN¥52.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601168's short term assets (CN¥12.5B) do not cover its short term liabilities (CN¥13.9B).
Long Term Liabilities: 601168's short term assets (CN¥12.5B) do not cover its long term liabilities (CN¥17.8B).
Debt to Equity History and Analysis
Debt Level: 601168's net debt to equity ratio (74.2%) is considered high.
Reducing Debt: 601168's debt to equity ratio has reduced from 169.4% to 102.9% over the past 5 years.
Debt Coverage: 601168's debt is well covered by operating cash flow (40.8%).
Interest Coverage: 601168's interest payments on its debt are well covered by EBIT (15.8x coverage).