Changzhou Almaden Balance Sheet Health
Financial Health criteria checks 6/6
Changzhou Almaden has a total shareholder equity of CN¥3.3B and total debt of CN¥912.6M, which brings its debt-to-equity ratio to 27.9%. Its total assets and total liabilities are CN¥5.5B and CN¥2.2B respectively. Changzhou Almaden's EBIT is CN¥105.5M making its interest coverage ratio -26. It has cash and short-term investments of CN¥1.7B.
Key information
27.9%
Debt to equity ratio
CN¥912.57m
Debt
Interest coverage ratio | -26x |
Cash | CN¥1.67b |
Equity | CN¥3.27b |
Total liabilities | CN¥2.24b |
Total assets | CN¥5.51b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002623's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 002623's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥533.4M).
Debt to Equity History and Analysis
Debt Level: 002623 has more cash than its total debt.
Reducing Debt: 002623's debt to equity ratio has reduced from 77.8% to 27.9% over the past 5 years.
Debt Coverage: 002623's debt is well covered by operating cash flow (60.9%).
Interest Coverage: 002623 earns more interest than it pays, so coverage of interest payments is not a concern.