China Kings Resources GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
China Kings Resources GroupLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 117.9%. Its total assets and total liabilities are CN¥6.5B and CN¥4.3B respectively. China Kings Resources GroupLtd's EBIT is CN¥367.7M making its interest coverage ratio -5.8. It has cash and short-term investments of CN¥425.1M.
Key information
117.9%
Debt to equity ratio
CN¥2.62b
Debt
| Interest coverage ratio | -5.8x |
| Cash | CN¥425.08m |
| Equity | CN¥2.22b |
| Total liabilities | CN¥4.31b |
| Total assets | CN¥6.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603505's short term assets (CN¥2.6B) do not cover its short term liabilities (CN¥3.2B).
Long Term Liabilities: 603505's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 603505's net debt to equity ratio (98.8%) is considered high.
Reducing Debt: 603505's debt to equity ratio has increased from 38.7% to 117.9% over the past 5 years.
Debt Coverage: 603505's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: 603505 earns more interest than it pays, so coverage of interest payments is not a concern.