Jiangsu LiXing General Steel BallLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu LiXing General Steel BallLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥305.2M, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are CN¥1.9B and CN¥638.7M respectively. Jiangsu LiXing General Steel BallLtd's EBIT is CN¥74.0M making its interest coverage ratio 13. It has cash and short-term investments of CN¥177.2M.
Key information
24.4%
Debt to equity ratio
CN¥305.15m
Debt
| Interest coverage ratio | 13x |
| Cash | CN¥177.19m |
| Equity | CN¥1.25b |
| Total liabilities | CN¥638.73m |
| Total assets | CN¥1.89b |
Recent financial health updates
No updates
Recent updates
Jiangsu LiXing General Steel Ball Co.,Ltd.'s (SZSE:300421) 27% Price Boost Is Out Of Tune With Earnings
Dec 02
Jiangsu LiXing General Steel Ball Co.,Ltd.'s (SZSE:300421) 36% Price Boost Is Out Of Tune With Earnings
Oct 08Investors Met With Slowing Returns on Capital At Jiangsu LiXing General Steel BallLtd (SZSE:300421)
Sep 30Jiangsu LiXing General Steel Ball Co.,Ltd.'s (SZSE:300421) 27% Share Price Surge Not Quite Adding Up
Aug 21Weak Statutory Earnings May Not Tell The Whole Story For Jiangsu LiXing General Steel BallLtd (SZSE:300421)
Aug 07After Leaping 29% Jiangsu LiXing General Steel Ball Co.,Ltd. (SZSE:300421) Shares Are Not Flying Under The Radar
May 22Even With A 30% Surge, Cautious Investors Are Not Rewarding Jiangsu LiXing General Steel Ball Co.,Ltd.'s (SZSE:300421) Performance Completely
Mar 08Is Now An Opportune Moment To Examine Jiangsu LiXing General Steel Ball Co.,Ltd. (SZSE:300421)?
Mar 06Financial Position Analysis
Short Term Liabilities: 300421's short term assets (CN¥934.8M) exceed its short term liabilities (CN¥560.6M).
Long Term Liabilities: 300421's short term assets (CN¥934.8M) exceed its long term liabilities (CN¥78.2M).
Debt to Equity History and Analysis
Debt Level: 300421's net debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: 300421's debt to equity ratio has increased from 7.1% to 24.4% over the past 5 years.
Debt Coverage: 300421's debt is well covered by operating cash flow (47.2%).
Interest Coverage: 300421's interest payments on its debt are well covered by EBIT (13x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 04:31 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Jiangsu LiXing General Steel Ball Co.,Ltd. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Weizhi Yuan | Chasing Securities |
| Xiaolan Bai | Guotai Junan Securities |