Vinacomin - Northern Coal Trading Balance Sheet Health
Financial Health criteria checks 3/6
Vinacomin - Northern Coal Trading has a total shareholder equity of ₫734.1B and total debt of ₫2,419.9B, which brings its debt-to-equity ratio to 329.6%. Its total assets and total liabilities are ₫3,940.9B and ₫3,206.8B respectively. Vinacomin - Northern Coal Trading's EBIT is ₫473.7B making its interest coverage ratio 9.3. It has cash and short-term investments of ₫27.5B.
Key information
329.6%
Debt to equity ratio
₫2.42t
Debt
Interest coverage ratio | 9.3x |
Cash | ₫27.47b |
Equity | ₫734.08b |
Total liabilities | ₫3.21t |
Total assets | ₫3.94t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TMB's short term assets (₫3,848.7B) exceed its short term liabilities (₫3,206.8B).
Long Term Liabilities: TMB has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TMB's net debt to equity ratio (325.9%) is considered high.
Reducing Debt: TMB's debt to equity ratio has increased from 153.9% to 329.6% over the past 5 years.
Debt Coverage: TMB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TMB's interest payments on its debt are well covered by EBIT (9.3x coverage).