China Vanadium Titano-Magnetite Mining Balance Sheet Health
Financial Health criteria checks 5/6
China Vanadium Titano-Magnetite Mining has a total shareholder equity of CN¥940.3M and total debt of CN¥85.2M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are CN¥1.3B and CN¥367.0M respectively. China Vanadium Titano-Magnetite Mining's EBIT is CN¥4.4M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥8.0M.
Key information
9.1%
Debt to equity ratio
CN¥85.20m
Debt
Interest coverage ratio | 0.6x |
Cash | CN¥8.04m |
Equity | CN¥940.30m |
Total liabilities | CN¥367.03m |
Total assets | CN¥1.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CV8S's short term assets (CN¥244.9M) exceed its short term liabilities (CN¥241.6M).
Long Term Liabilities: CV8S's short term assets (CN¥244.9M) exceed its long term liabilities (CN¥125.4M).
Debt to Equity History and Analysis
Debt Level: CV8S's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: CV8S's debt to equity ratio has reduced from 12.1% to 9.1% over the past 5 years.
Debt Coverage: CV8S's debt is well covered by operating cash flow (95%).
Interest Coverage: CV8S's interest payments on its debt are not well covered by EBIT (0.6x coverage).