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Inner Mongolia Yitai CoalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Inner Mongolia Yitai CoalLtd has a total shareholder equity of CN¥62.4B and total debt of CN¥16.0B, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are CN¥91.9B and CN¥29.5B respectively. Inner Mongolia Yitai CoalLtd's EBIT is CN¥18.3B making its interest coverage ratio -117.6. It has cash and short-term investments of CN¥23.2B.
Key information
25.6%
Debt to equity ratio
CN¥15.98b
Debt
| Interest coverage ratio | -117.6x |
| Cash | CN¥23.24b |
| Equity | CN¥62.37b |
| Total liabilities | CN¥29.54b |
| Total assets | CN¥91.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3948's short term assets (CN¥28.7B) exceed its short term liabilities (CN¥12.9B).
Long Term Liabilities: 3948's short term assets (CN¥28.7B) exceed its long term liabilities (CN¥16.6B).
Debt to Equity History and Analysis
Debt Level: 3948 has more cash than its total debt.
Reducing Debt: 3948's debt to equity ratio has reduced from 98.9% to 25.6% over the past 5 years.
Debt Coverage: 3948's debt is well covered by operating cash flow (131.8%).
Interest Coverage: 3948 earns more interest than it pays, so coverage of interest payments is not a concern.