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 |
| Cash | CN¥33.55b |
| Equity | CN¥168.68b |
| Total liabilities | CN¥209.38b |
| Total assets | CN¥378.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZIJM.Y's short term assets (CN¥92.2B) exceed its short term liabilities (CN¥85.0B).
Long Term Liabilities: ZIJM.Y'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: ZIJM.Y's net debt to equity ratio (65.4%) is considered high.
Reducing Debt: ZIJM.Y's debt to equity ratio has reduced from 92.4% to 85.3% over the past 5 years.
Debt Coverage: ZIJM.Y's debt is well covered by operating cash flow (32.9%).
Interest Coverage: ZIJM.Y earns more interest than it pays, so coverage of interest payments is not a concern.