Hang Xiao Steel StructureLtd Balance Sheet Health
Financial Health criteria checks 2/6
Hang Xiao Steel StructureLtd has a total shareholder equity of CN¥5.6B and total debt of CN¥5.2B, which brings its debt-to-equity ratio to 92.5%. Its total assets and total liabilities are CN¥16.0B and CN¥10.5B respectively. Hang Xiao Steel StructureLtd's EBIT is CN¥396.9M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥540.0M.
Key information
92.5%
Debt to equity ratio
CN¥5.15b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CN¥539.98m |
| Equity | CN¥5.57b |
| Total liabilities | CN¥10.46b |
| Total assets | CN¥16.03b |
Recent financial health updates
Recent updates
Hang Xiao Steel StructureLtd (SHSE:600477) Has A Somewhat Strained Balance Sheet
Dec 20
The Returns On Capital At Hang Xiao Steel StructureLtd (SHSE:600477) Don't Inspire Confidence
Dec 03Earnings Troubles May Signal Larger Issues for Hang Xiao Steel StructureLtd (SHSE:600477) Shareholders
Nov 06Hang Xiao Steel Structure Co.,Ltd's (SHSE:600477) Prospects Need A Boost To Lift Shares
Oct 14Some Investors May Be Worried About Hang Xiao Steel StructureLtd's (SHSE:600477) Returns On Capital
Aug 01We Think You Should Be Aware Of Some Concerning Factors In Hang Xiao Steel StructureLtd's (SHSE:600477) Earnings
May 06Hang Xiao Steel Structure Co.,Ltd's (SHSE:600477) Business And Shares Still Trailing The Market
Apr 17Financial Position Analysis
Short Term Liabilities: 600477's short term assets (CN¥10.2B) exceed its short term liabilities (CN¥8.8B).
Long Term Liabilities: 600477's short term assets (CN¥10.2B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 600477's net debt to equity ratio (82.8%) is considered high.
Reducing Debt: 600477's debt to equity ratio has increased from 34.7% to 92.5% over the past 5 years.
Debt Coverage: 600477's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600477's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 13:55 |
| End of Day Share Price | 2024/12/25 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Hang Xiao Steel Structure Co.,Ltd is covered by 6 analysts. 2 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 |
|---|---|
| Qin Wang | BOCI Research Ltd. |
| Wayne He | China Stock Investment Research Co. Ltd. (GZ500..com) |
| Weifeng Sun | Everbright Securities Co. Ltd. |