Inner Mongolia Junzheng Energy & Chemical GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Inner Mongolia Junzheng Energy & Chemical GroupLtd has a total shareholder equity of CN¥27.2B and total debt of CN¥7.2B, which brings its debt-to-equity ratio to 26.5%. Its total assets and total liabilities are CN¥43.3B and CN¥16.1B respectively. Inner Mongolia Junzheng Energy & Chemical GroupLtd's EBIT is CN¥2.6B making its interest coverage ratio -5.1. It has cash and short-term investments of CN¥4.4B.
Key information
26.5%
Debt to equity ratio
CN¥7.19b
Debt
| Interest coverage ratio | -5.1x |
| Cash | CN¥4.36b |
| Equity | CN¥27.18b |
| Total liabilities | CN¥16.12b |
| Total assets | CN¥43.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601216's short term assets (CN¥8.6B) do not cover its short term liabilities (CN¥9.9B).
Long Term Liabilities: 601216's short term assets (CN¥8.6B) exceed its long term liabilities (CN¥6.2B).
Debt to Equity History and Analysis
Debt Level: 601216's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: 601216's debt to equity ratio has reduced from 36.2% to 26.5% over the past 5 years.
Debt Coverage: 601216's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: 601216 earns more interest than it pays, so coverage of interest payments is not a concern.