Hainan Mining Balance Sheet Health
Financial Health criteria checks 5/6
Hainan Mining has a total shareholder equity of CN¥7.4B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are CN¥12.4B and CN¥4.9B respectively. Hainan Mining's EBIT is CN¥931.6M making its interest coverage ratio -45.3. It has cash and short-term investments of CN¥3.2B.
Key information
30.5%
Debt to equity ratio
CN¥2.26b
Debt
| Interest coverage ratio | -45.3x |
| Cash | CN¥3.24b |
| Equity | CN¥7.43b |
| Total liabilities | CN¥4.94b |
| Total assets | CN¥12.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601969's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 601969's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 601969 has more cash than its total debt.
Reducing Debt: 601969's debt to equity ratio has increased from 22.2% to 30.5% over the past 5 years.
Debt Coverage: 601969's debt is well covered by operating cash flow (57.7%).
Interest Coverage: 601969 earns more interest than it pays, so coverage of interest payments is not a concern.