Hang Xiao Steel StructureLtd Balance Sheet Health
Financial Health criteria checks 3/6
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 93.8%. Its total assets and total liabilities are CN¥16.4B and CN¥10.9B respectively. Hang Xiao Steel StructureLtd's EBIT is CN¥480.8M making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥767.2M.
Key information
93.8%
Debt to equity ratio
CN¥5.21b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥767.22m |
| Equity | CN¥5.56b |
| Total liabilities | CN¥10.86b |
| Total assets | CN¥16.42b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600477's short term assets (CN¥11.1B) exceed its short term liabilities (CN¥9.3B).
Long Term Liabilities: 600477's short term assets (CN¥11.1B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 600477's net debt to equity ratio (80%) is considered high.
Reducing Debt: 600477's debt to equity ratio has increased from 35.2% to 93.8% 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 well covered by EBIT (3.1x coverage).