Sinosteel Engineering & Technology Balance Sheet Health
Financial Health criteria checks 5/6
Sinosteel Engineering & Technology has a total shareholder equity of CN¥8.4B and total debt of CN¥729.2M, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are CN¥27.9B and CN¥19.5B respectively. Sinosteel Engineering & Technology's EBIT is CN¥1.1B making its interest coverage ratio -22.1. It has cash and short-term investments of CN¥7.1B.
Key information
8.7%
Debt to equity ratio
CN¥729.17m
Debt
| Interest coverage ratio | -22.1x |
| Cash | CN¥7.11b |
| Equity | CN¥8.43b |
| Total liabilities | CN¥19.45b |
| Total assets | CN¥27.88b |
Recent financial health updates
Recent updates
Sinosteel Engineering & Technology (SZSE:000928) Seems To Use Debt Quite Sensibly
Jun 25
Sinosteel 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¥19.4B) exceed its short term liabilities (CN¥19.1B).
Long Term Liabilities: 000928's short term assets (CN¥19.4B) exceed its long term liabilities (CN¥377.0M).
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 28.3% to 8.7% 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.