Zhongmin Energy Balance Sheet Health
Financial Health criteria checks 6/6
Zhongmin Energy has a total shareholder equity of CN¥6.7B and total debt of CN¥3.6B, which brings its debt-to-equity ratio to 53.9%. Its total assets and total liabilities are CN¥11.4B and CN¥4.7B respectively. Zhongmin Energy's EBIT is CN¥965.2M making its interest coverage ratio 11. It has cash and short-term investments of CN¥1.4B.
Key information
53.9%
Debt to equity ratio
CN¥3.63b
Debt
| Interest coverage ratio | 11x |
| Cash | CN¥1.37b |
| Equity | CN¥6.72b |
| Total liabilities | CN¥4.68b |
| Total assets | CN¥11.40b |
Recent financial health updates
Recent updates
Zhongmin Energy Co., Ltd.'s (SHSE:600163) Shares Bounce 29% But Its Business Still Trails The Market
Nov 19
There's Been No Shortage Of Growth Recently For Zhongmin Energy's (SHSE:600163) Returns On Capital
Nov 18Are Investors Undervaluing Zhongmin Energy Co., Ltd. (SHSE:600163) By 40%?
Oct 15Investors Don't See Light At End Of Zhongmin Energy Co., Ltd.'s (SHSE:600163) Tunnel
Sep 25Zhongmin Energy (SHSE:600163) Seems To Use Debt Quite Sensibly
Jul 24Zhongmin Energy Co., Ltd.'s (SHSE:600163) Shares Lagging The Market But So Is The Business
Jun 17There's Been No Shortage Of Growth Recently For Zhongmin Energy's (SHSE:600163) Returns On Capital
May 21Financial Position Analysis
Short Term Liabilities: 600163's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 600163's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 600163's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: 600163's debt to equity ratio has reduced from 98.8% to 53.9% over the past 5 years.
Debt Coverage: 600163's debt is well covered by operating cash flow (25.8%).
Interest Coverage: 600163's interest payments on its debt are well covered by EBIT (11x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 06:23 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhongmin Energy Co., Ltd. is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Fu Yang | Chasing Securities |
| Yigong Tao | China Galaxy Securities Co., Ltd. |
| Xiujie Huang | Guosen Securities Co., Ltd. |