Zhaojin Mining Industry Balance Sheet Health
Financial Health criteria checks 4/6
Zhaojin Mining Industry has a total shareholder equity of CN¥22.0B and total debt of CN¥16.1B, which brings its debt-to-equity ratio to 73.3%. Its total assets and total liabilities are CN¥49.0B and CN¥27.0B respectively. Zhaojin Mining Industry's EBIT is CN¥1.8B making its interest coverage ratio 6.7. It has cash and short-term investments of CN¥6.6B.
Key information
73.3%
Debt to equity ratio
CN¥16.14b
Debt
Interest coverage ratio | 6.7x |
Cash | CN¥6.58b |
Equity | CN¥22.00b |
Total liabilities | CN¥27.03b |
Total assets | CN¥49.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZVL's short term assets (CN¥15.7B) exceed its short term liabilities (CN¥14.1B).
Long Term Liabilities: ZVL's short term assets (CN¥15.7B) exceed its long term liabilities (CN¥13.0B).
Debt to Equity History and Analysis
Debt Level: ZVL's net debt to equity ratio (43.4%) is considered high.
Reducing Debt: ZVL's debt to equity ratio has reduced from 105.5% to 73.3% over the past 5 years.
Debt Coverage: ZVL's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: ZVL's interest payments on its debt are well covered by EBIT (6.7x coverage).