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
-
2016-2017: recovered cash flows
- Wintime's default
- H1 2018: capex rebounds
Tables and charts
This report includes the following images and tables:
- OCF, FCF, EBITDA and coal prices
- Liability-to-asset ratio
- Liability composition
- Net debt and CCE
- Financial costs and treasury bond interest rates
- Interest rate spread
- Total and coal-related expansionary capex
- Year-on-year change in coal-related capex
- CCE to short-term debt ratio
- Weighted average total cash cost
What's included
This report contains:
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