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¥3.8B, which brings its debt-to-equity ratio to 57.8%. Its total assets and total liabilities are CN¥11.6B and CN¥5.0B respectively. Zhongmin Energy's EBIT is CN¥872.5M making its interest coverage ratio 8.9. It has cash and short-term investments of CN¥1.5B.
Key information
57.8%
Debt to equity ratio
CN¥3.85b
Debt
Interest coverage ratio | 8.9x |
Cash | CN¥1.46b |
Equity | CN¥6.66b |
Total liabilities | CN¥4.97b |
Total assets | CN¥11.63b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600163's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 600163's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥3.3B).
Debt to Equity History and Analysis
Debt Level: 600163's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: 600163's debt to equity ratio has reduced from 95.2% to 57.8% over the past 5 years.
Debt Coverage: 600163's debt is well covered by operating cash flow (24.3%).
Interest Coverage: 600163's interest payments on its debt are well covered by EBIT (8.9x coverage).