Laopu Gold Balance Sheet Health
Financial Health criteria checks 5/6
Laopu Gold has a total shareholder equity of CN¥2.9B and total debt of CN¥126.9M, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are CN¥3.8B and CN¥943.5M respectively. Laopu Gold's EBIT is CN¥1.1B making its interest coverage ratio 55.7. It has cash and short-term investments of CN¥823.9M.
Key information
4.4%
Debt to equity ratio
CN¥126.87m
Debt
| Interest coverage ratio | 55.7x |
| Cash | CN¥823.90m |
| Equity | CN¥2.90b |
| Total liabilities | CN¥943.49m |
| Total assets | CN¥3.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6181's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥778.5M).
Long Term Liabilities: 6181's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥165.0M).
Debt to Equity History and Analysis
Debt Level: 6181 has more cash than its total debt.
Reducing Debt: 6181's debt to equity ratio has reduced from 11.8% to 4.4% 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 (55.7x coverage).