Insight
Are China's coal producers in good financial health?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Oversupply in the coal market and declining prices led China's coal miners to pile up high levels of debt during the commodity's downturn. However, coal prices started to rebound from late 2016 after the government intervened. So, how are China's coal producers performing financially now? In this insight, we look at the performance of 36 listed coal-producing companies and assess the financial health of China's coal sector.
Table of contents
- Before 2016: soaring debt and leverage
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2016-2017: recovered cash flows
- Wintime's default
- H1 2018: capex rebounds
Tables and charts
This report includes the following images and tables:
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OCF, FCF, EBITDA and coal pricesLiability-to-asset ratioLiability composition
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Net debt and CCEFinancial costs and treasury bond interest ratesInterest rate spreadTotal and coal-related expansionary capexYear-on-year change in coal-related capexCCE to short-term debt ratioWeighted average total cash cost
What's included
This report contains:
