Metallurgical Corporation of China Balance Sheet Health
Financial Health criteria checks 5/6
Metallurgical of China has a total shareholder equity of CN¥183.4B and total debt of CN¥94.6B, which brings its debt-to-equity ratio to 51.6%. Its total assets and total liabilities are CN¥725.0B and CN¥541.6B respectively. Metallurgical of China's EBIT is CN¥13.5B making its interest coverage ratio 28.2. It has cash and short-term investments of CN¥33.7B.
Key information
51.6%
Debt to equity ratio
CN¥94.59b
Debt
| Interest coverage ratio | 28.2x |
| Cash | CN¥33.66b |
| Equity | CN¥183.38b |
| Total liabilities | CN¥541.62b |
| Total assets | CN¥725.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1618's short term assets (CN¥540.4B) exceed its short term liabilities (CN¥497.0B).
Long Term Liabilities: 1618's short term assets (CN¥540.4B) exceed its long term liabilities (CN¥44.6B).
Debt to Equity History and Analysis
Debt Level: 1618's net debt to equity ratio (33.2%) is considered satisfactory.
Reducing Debt: 1618's debt to equity ratio has reduced from 87.6% to 51.6% over the past 5 years.
Debt Coverage: 1618's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1618's interest payments on its debt are well covered by EBIT (28.2x coverage).