Metallurgical Corporation of China Balance Sheet Health
Financial Health criteria checks 5/6
Metallurgical of China has a total shareholder equity of CN¥168.0B and total debt of CN¥73.1B, which brings its debt-to-equity ratio to 43.5%. Its total assets and total liabilities are CN¥661.6B and CN¥493.6B respectively. Metallurgical of China's EBIT is CN¥17.8B making its interest coverage ratio 26.2. It has cash and short-term investments of CN¥44.4B.
Key information
43.5%
Debt to equity ratio
CN¥73.07b
Debt
Interest coverage ratio | 26.2x |
Cash | CN¥44.44b |
Equity | CN¥167.99b |
Total liabilities | CN¥493.61b |
Total assets | CN¥661.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6MT's short term assets (CN¥484.1B) exceed its short term liabilities (CN¥448.8B).
Long Term Liabilities: 6MT's short term assets (CN¥484.1B) exceed its long term liabilities (CN¥44.8B).
Debt to Equity History and Analysis
Debt Level: 6MT's net debt to equity ratio (17%) is considered satisfactory.
Reducing Debt: 6MT's debt to equity ratio has reduced from 92% to 43.5% over the past 5 years.
Debt Coverage: 6MT's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: 6MT's interest payments on its debt are well covered by EBIT (26.2x coverage).