Metallurgical Corporation of China Balance Sheet Health
Financial Health criteria checks 5/6
Metallurgical of China has a total shareholder equity of CN¥175.0B and total debt of CN¥108.0B, which brings its debt-to-equity ratio to 61.7%. Its total assets and total liabilities are CN¥703.1B and CN¥528.0B respectively. Metallurgical of China's EBIT is CN¥16.4B making its interest coverage ratio 19.3. It has cash and short-term investments of CN¥50.3B.
Key information
61.7%
Debt to equity ratio
CN¥107.96b
Debt
Interest coverage ratio | 19.3x |
Cash | CN¥50.32b |
Equity | CN¥175.05b |
Total liabilities | CN¥528.05b |
Total assets | CN¥703.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MLLU.Y's short term assets (CN¥525.1B) exceed its short term liabilities (CN¥478.4B).
Long Term Liabilities: MLLU.Y's short term assets (CN¥525.1B) exceed its long term liabilities (CN¥49.6B).
Debt to Equity History and Analysis
Debt Level: MLLU.Y's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: MLLU.Y's debt to equity ratio has reduced from 98.2% to 61.7% over the past 5 years.
Debt Coverage: MLLU.Y's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MLLU.Y's interest payments on its debt are well covered by EBIT (19.3x coverage).