Sinosteel Engineering & Technology Balance Sheet Health
Financial Health criteria checks 5/6
Sinosteel Engineering & Technology has a total shareholder equity of CN¥8.5B and total debt of CN¥911.5M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are CN¥25.8B and CN¥17.3B respectively. Sinosteel Engineering & Technology's EBIT is CN¥1.2B making its interest coverage ratio -9.5. It has cash and short-term investments of CN¥4.9B.
Key information
10.7%
Debt to equity ratio
CN¥911.52m
Debt
| Interest coverage ratio | -9.5x |
| Cash | CN¥4.95b |
| Equity | CN¥8.51b |
| Total liabilities | CN¥17.26b |
| Total assets | CN¥25.78b |
Recent financial health updates
Sinosteel Engineering & Technology (SZSE:000928) Has A Pretty Healthy Balance Sheet
Nov 25
Sinosteel Engineering & Technology (SZSE:000928) Seems To Use Debt Quite Sensibly
Jun 25Recent updates
Sinosteel Engineering & Technology (SZSE:000928) Has A Pretty Healthy Balance Sheet
Nov 25Sinosteel Engineering & Technology's (SZSE:000928) Profits May Not Reveal Underlying Issues
Nov 11Sinosteel Engineering & Technology Co., Ltd.'s (SZSE:000928) Earnings Are Not Doing Enough For Some Investors
Sep 24Sinosteel Engineering & Technology (SZSE:000928) Hasn't Managed To Accelerate Its Returns
Jul 17Sinosteel Engineering & Technology (SZSE:000928) Seems To Use Debt Quite Sensibly
Jun 25Sinosteel Engineering & Technology (SZSE:000928) Is Paying Out A Larger Dividend Than Last Year
Jun 02Sinosteel Engineering & Technology Co., Ltd.'s (SZSE:000928) Low P/E No Reason For Excitement
May 27There Are Some Holes In Sinosteel Engineering & Technology's (SZSE:000928) Solid Earnings Release
May 13Is Now The Time To Look At Buying Sinosteel Engineering & Technology Co., Ltd. (SZSE:000928)?
Mar 27Financial Position Analysis
Short Term Liabilities: 000928's short term assets (CN¥17.4B) exceed its short term liabilities (CN¥16.7B).
Long Term Liabilities: 000928's short term assets (CN¥17.4B) exceed its long term liabilities (CN¥574.7M).
Debt to Equity History and Analysis
Debt Level: 000928 has more cash than its total debt.
Reducing Debt: 000928's debt to equity ratio has reduced from 30.6% to 10.7% over the past 5 years.
Debt Coverage: 000928's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000928 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 13:20 |
| End of Day Share Price | 2024/12/23 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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
Sinosteel Engineering & Technology Co., Ltd. is covered by 9 analysts. 5 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 |
|---|---|
| Chunhui Bi | Changjiang Securities Co. LTD. |
| Tian Guang Long | China Galaxy Securities Co., Ltd. |
| Xinrong Deng | Founder Securities Co., Ltd. |