CGN Mining Balance Sheet Health
Financial Health criteria checks 3/6
CGN Mining has a total shareholder equity of HK$3.9B and total debt of HK$1.8B, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are HK$6.8B and HK$2.9B respectively. CGN Mining's EBIT is HK$66.0M making its interest coverage ratio 0.6. It has cash and short-term investments of HK$1.0B.
Key information
45.4%
Debt to equity ratio
HK$1.76b
Debt
Interest coverage ratio | 0.6x |
Cash | HK$1.02b |
Equity | HK$3.88b |
Total liabilities | HK$2.87b |
Total assets | HK$6.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VBO's short term assets (HK$2.2B) exceed its short term liabilities (HK$1.4B).
Long Term Liabilities: VBO's short term assets (HK$2.2B) exceed its long term liabilities (HK$1.5B).
Debt to Equity History and Analysis
Debt Level: VBO's net debt to equity ratio (19.2%) is considered satisfactory.
Reducing Debt: VBO's debt to equity ratio has increased from 39.9% to 45.4% over the past 5 years.
Debt Coverage: VBO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: VBO's interest payments on its debt are not well covered by EBIT (0.6x coverage).