Zijin Mining Group Balance Sheet Health
Financial Health criteria checks 3/6
Zijin Mining Group has a total shareholder equity of CN¥148.4B and total debt of CN¥147.1B, which brings its debt-to-equity ratio to 99.1%. Its total assets and total liabilities are CN¥355.9B and CN¥207.5B respectively. Zijin Mining Group's EBIT is CN¥32.0B making its interest coverage ratio -29.4. It has cash and short-term investments of CN¥26.6B.
Key information
99.1%
Debt to equity ratio
CN¥147.08b
Debt
Interest coverage ratio | -29.4x |
Cash | CN¥26.60b |
Equity | CN¥148.43b |
Total liabilities | CN¥207.48b |
Total assets | CN¥355.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZIJM.Y's short term assets (CN¥82.6B) do not cover its short term liabilities (CN¥87.4B).
Long Term Liabilities: ZIJM.Y's short term assets (CN¥82.6B) do not cover its long term liabilities (CN¥120.1B).
Debt to Equity History and Analysis
Debt Level: ZIJM.Y's net debt to equity ratio (81.2%) is considered high.
Reducing Debt: ZIJM.Y's debt to equity ratio has reduced from 99.5% to 99.1% over the past 5 years.
Debt Coverage: ZIJM.Y's debt is well covered by operating cash flow (25.3%).
Interest Coverage: ZIJM.Y earns more interest than it pays, so coverage of interest payments is not a concern.