Yechiu Metal Recycling (China) Balance Sheet Health
Financial Health criteria checks 5/6
Yechiu Metal Recycling (China) has a total shareholder equity of CN¥4.5B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are CN¥6.4B and CN¥1.9B respectively. Yechiu Metal Recycling (China)'s EBIT is CN¥139.8M making its interest coverage ratio 6.2. It has cash and short-term investments of CN¥960.9M.
Key information
29.9%
Debt to equity ratio
CN¥1.35b
Debt
| Interest coverage ratio | 6.2x |
| Cash | CN¥960.93m |
| Equity | CN¥4.51b |
| Total liabilities | CN¥1.91b |
| Total assets | CN¥6.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601388's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 601388's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥596.4M).
Debt to Equity History and Analysis
Debt Level: 601388's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: 601388's debt to equity ratio has reduced from 62.4% to 29.9% over the past 5 years.
Debt Coverage: 601388's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601388's interest payments on its debt are well covered by EBIT (6.2x coverage).