Western MiningLtd Balance Sheet Health
Financial Health criteria checks 3/6
Western MiningLtd has a total shareholder equity of CN¥22.1B and total debt of CN¥21.5B, which brings its debt-to-equity ratio to 97.3%. Its total assets and total liabilities are CN¥54.6B and CN¥32.6B respectively. Western MiningLtd's EBIT is CN¥7.5B making its interest coverage ratio 16.6. It has cash and short-term investments of CN¥7.0B.
Key information
97.3%
Debt to equity ratio
CN¥21.48b
Debt
| Interest coverage ratio | 16.6x |
| Cash | CN¥7.01b |
| Equity | CN¥22.07b |
| Total liabilities | CN¥32.57b |
| Total assets | CN¥54.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601168's short term assets (CN¥14.3B) do not cover its short term liabilities (CN¥14.6B).
Long Term Liabilities: 601168's short term assets (CN¥14.3B) do not cover its long term liabilities (CN¥18.0B).
Debt to Equity History and Analysis
Debt Level: 601168's net debt to equity ratio (65.6%) is considered high.
Reducing Debt: 601168's debt to equity ratio has reduced from 150.3% to 97.3% over the past 5 years.
Debt Coverage: 601168's debt is well covered by operating cash flow (41.8%).
Interest Coverage: 601168's interest payments on its debt are well covered by EBIT (16.6x coverage).