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
No updates
Recent updates
Earnings Troubles May Signal Larger Issues for Hang Xiao Steel StructureLtd (SHSE:600477) Shareholders
Nov 06
Hang 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).