Wolong Resources Group Balance Sheet Health
Financial Health criteria checks 5/6
Wolong Resources Group has a total shareholder equity of CN¥3.8B and total debt of CN¥100.0M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥6.1B and CN¥2.3B respectively. Wolong Resources Group's EBIT is CN¥285.8M making its interest coverage ratio -20.4. It has cash and short-term investments of CN¥554.8M.
Key information
2.6%
Debt to equity ratio
CN¥100.00m
Debt
| Interest coverage ratio | -20.4x |
| Cash | CN¥554.85m |
| Equity | CN¥3.82b |
| Total liabilities | CN¥2.29b |
| Total assets | CN¥6.11b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600173's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 600173's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥106.2M).
Debt to Equity History and Analysis
Debt Level: 600173 has more cash than its total debt.
Reducing Debt: 600173's debt to equity ratio has reduced from 15.9% to 2.6% over the past 5 years.
Debt Coverage: 600173's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600173 earns more interest than it pays, so coverage of interest payments is not a concern.