China Kings Resources GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
China Kings Resources GroupLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 117.1%. Its total assets and total liabilities are CN¥6.3B and CN¥4.2B respectively. China Kings Resources GroupLtd's EBIT is CN¥439.2M making its interest coverage ratio -7.1. It has cash and short-term investments of CN¥489.5M.
Key information
117.1%
Debt to equity ratio
CN¥2.47b
Debt
| Interest coverage ratio | -7.1x |
| Cash | CN¥489.54m |
| Equity | CN¥2.11b |
| Total liabilities | CN¥4.18b |
| Total assets | CN¥6.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603505's short term assets (CN¥2.5B) do not cover its short term liabilities (CN¥3.0B).
Long Term Liabilities: 603505's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 603505's net debt to equity ratio (93.9%) is considered high.
Reducing Debt: 603505's debt to equity ratio has increased from 47.3% to 117.1% over the past 5 years.
Debt Coverage: 603505's debt is not well covered by operating cash flow (3.1%).
Interest Coverage: 603505 earns more interest than it pays, so coverage of interest payments is not a concern.