China Gold International Resources Balance Sheet Health
Financial Health criteria checks 4/6
China Gold International Resources has a total shareholder equity of $1.7B and total debt of $806.6M, which brings its debt-to-equity ratio to 46.3%. Its total assets and total liabilities are $3.0B and $1.3B respectively. China Gold International Resources's EBIT is $11.0M making its interest coverage ratio 0.7. It has cash and short-term investments of $307.6M.
Key information
46.3%
Debt to equity ratio
US$806.61m
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$307.65m |
| Equity | US$1.74b |
| Total liabilities | US$1.28b |
| Total assets | US$3.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2099's short term assets ($686.6M) exceed its short term liabilities ($409.0M).
Long Term Liabilities: 2099's short term assets ($686.6M) do not cover its long term liabilities ($874.0M).
Debt to Equity History and Analysis
Debt Level: 2099's net debt to equity ratio (28.6%) is considered satisfactory.
Reducing Debt: 2099's debt to equity ratio has reduced from 85.1% to 46.3% over the past 5 years.
Debt Coverage: 2099's debt is well covered by operating cash flow (27.7%).
Interest Coverage: 2099's interest payments on its debt are not well covered by EBIT (0.7x coverage).