Zhaojin Mining Industry Balance Sheet Health
Financial Health criteria checks 5/6
Zhaojin Mining Industry has a total shareholder equity of CN¥24.5B and total debt of CN¥14.9B, which brings its debt-to-equity ratio to 60.7%. Its total assets and total liabilities are CN¥53.2B and CN¥28.7B respectively. Zhaojin Mining Industry's EBIT is CN¥2.6B making its interest coverage ratio 9.1. It has cash and short-term investments of CN¥5.1B.
Key information
60.7%
Debt to equity ratio
CN¥14.86b
Debt
| Interest coverage ratio | 9.1x |
| Cash | CN¥5.15b |
| Equity | CN¥24.49b |
| Total liabilities | CN¥28.68b |
| Total assets | CN¥53.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZVL's short term assets (CN¥15.2B) do not cover its short term liabilities (CN¥15.5B).
Long Term Liabilities: ZVL's short term assets (CN¥15.2B) exceed its long term liabilities (CN¥13.2B).
Debt to Equity History and Analysis
Debt Level: ZVL's net debt to equity ratio (39.7%) is considered satisfactory.
Reducing Debt: ZVL's debt to equity ratio has reduced from 106.3% to 60.7% over the past 5 years.
Debt Coverage: ZVL's debt is well covered by operating cash flow (20.3%).
Interest Coverage: ZVL's interest payments on its debt are well covered by EBIT (9.1x coverage).