Zijin Mining Group Company Limited

SHSC:2899 Stock Report

Market Cap: HK$488.5b

Zijin Mining Group Balance Sheet Health

Financial Health criteria checks 4/6

Zijin Mining Group has a total shareholder equity of CN¥168.7B and total debt of CN¥143.8B, which brings its debt-to-equity ratio to 85.3%. Its total assets and total liabilities are CN¥378.1B and CN¥209.4B respectively. Zijin Mining Group's EBIT is CN¥41.4B making its interest coverage ratio -26.8. It has cash and short-term investments of CN¥33.6B.

Key information

85.3%

Debt to equity ratio

CN¥143.82b

Debt

Interest coverage ratio-26.8x
CashCN¥33.55b
EquityCN¥168.68b
Total liabilitiesCN¥209.38b
Total assetsCN¥378.06b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 2899's short term assets (CN¥92.2B) exceed its short term liabilities (CN¥85.0B).

Long Term Liabilities: 2899's short term assets (CN¥92.2B) do not cover its long term liabilities (CN¥124.4B).


Debt to Equity History and Analysis

Debt Level: 2899's net debt to equity ratio (65.4%) is considered high.

Reducing Debt: 2899's debt to equity ratio has reduced from 92.4% to 85.3% over the past 5 years.

Debt Coverage: 2899's debt is well covered by operating cash flow (32.9%).

Interest Coverage: 2899 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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