Changjiang & Jinggong Steel Building (Group) Balance Sheet Health
Financial Health criteria checks 6/6
Changjiang & Jinggong Steel Building (Group) has a total shareholder equity of CN¥8.6B and total debt of CN¥3.6B, which brings its debt-to-equity ratio to 41.2%. Its total assets and total liabilities are CN¥23.0B and CN¥14.3B respectively. Changjiang & Jinggong Steel Building (Group)'s EBIT is CN¥464.5M making its interest coverage ratio 9.5. It has cash and short-term investments of CN¥4.9B.
Key information
41.2%
Debt to equity ratio
CN¥3.56b
Debt
Interest coverage ratio | 9.5x |
Cash | CN¥4.88b |
Equity | CN¥8.63b |
Total liabilities | CN¥14.33b |
Total assets | CN¥22.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600496's short term assets (CN¥18.3B) exceed its short term liabilities (CN¥12.0B).
Long Term Liabilities: 600496's short term assets (CN¥18.3B) exceed its long term liabilities (CN¥2.3B).
Debt to Equity History and Analysis
Debt Level: 600496 has more cash than its total debt.
Reducing Debt: 600496's debt to equity ratio has reduced from 47.5% to 41.2% over the past 5 years.
Debt Coverage: 600496's debt is well covered by operating cash flow (26.3%).
Interest Coverage: 600496's interest payments on its debt are well covered by EBIT (9.5x coverage).