Laopu Gold Balance Sheet Health
Financial Health criteria checks 4/6
Laopu Gold has a total shareholder equity of CN¥1.5B and total debt of CN¥127.8M, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are CN¥2.2B and CN¥643.1M respectively. Laopu Gold's EBIT is CN¥569.0M making its interest coverage ratio 32.1. It has cash and short-term investments of CN¥87.5M.
Key information
8.4%
Debt to equity ratio
CN¥127.75m
Debt
Interest coverage ratio | 32.1x |
Cash | CN¥87.47m |
Equity | CN¥1.52b |
Total liabilities | CN¥643.13m |
Total assets | CN¥2.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6181's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥474.1M).
Long Term Liabilities: 6181's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥169.0M).
Debt to Equity History and Analysis
Debt Level: 6181's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: 6181's debt to equity ratio has increased from 6.8% to 8.4% over the past 5 years.
Debt Coverage: 6181's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6181's interest payments on its debt are well covered by EBIT (32.1x coverage).