Shandong Gold Mining Balance Sheet Health
Financial Health criteria checks 1/6
Shandong Gold Mining has a total shareholder equity of CN¥54.3B and total debt of CN¥51.3B, which brings its debt-to-equity ratio to 94.6%. Its total assets and total liabilities are CN¥142.9B and CN¥88.7B respectively. Shandong Gold Mining's EBIT is CN¥6.3B making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥16.2B.
Key information
94.6%
Debt to equity ratio
CN¥51.29b
Debt
Interest coverage ratio | 4.1x |
Cash | CN¥16.17b |
Equity | CN¥54.25b |
Total liabilities | CN¥88.66b |
Total assets | CN¥142.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1787's short term assets (CN¥32.6B) do not cover its short term liabilities (CN¥53.8B).
Long Term Liabilities: 1787's short term assets (CN¥32.6B) do not cover its long term liabilities (CN¥34.8B).
Debt to Equity History and Analysis
Debt Level: 1787's net debt to equity ratio (64.7%) is considered high.
Reducing Debt: 1787's debt to equity ratio has increased from 30.9% to 94.6% over the past 5 years.
Debt Coverage: 1787's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: 1787's interest payments on its debt are well covered by EBIT (4.1x coverage).