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¥290.2M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are CN¥1.9B and CN¥638.5M respectively. Jiangsu LiXing General Steel BallLtd's EBIT is CN¥69.7M making its interest coverage ratio 13.2. It has cash and short-term investments of CN¥177.4M.
Key information
23.2%
Debt to equity ratio
CN¥290.21m
Debt
Interest coverage ratio | 13.2x |
Cash | CN¥177.35m |
Equity | CN¥1.25b |
Total liabilities | CN¥638.47m |
Total assets | CN¥1.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300421's short term assets (CN¥965.4M) exceed its short term liabilities (CN¥554.8M).
Long Term Liabilities: 300421's short term assets (CN¥965.4M) exceed its long term liabilities (CN¥83.6M).
Debt to Equity History and Analysis
Debt Level: 300421's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: 300421's debt to equity ratio has increased from 12.7% to 23.2% over the past 5 years.
Debt Coverage: 300421's debt is well covered by operating cash flow (47.1%).
Interest Coverage: 300421's interest payments on its debt are well covered by EBIT (13.2x coverage).