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¥771.3M, which brings its debt-to-equity ratio to 9.2%. 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 -10.2. It has cash and short-term investments of CN¥7.1B.
Key information
9.2%
Debt to equity ratio
CN¥771.34m
Debt
Interest coverage ratio | -10.2x |
Cash | CN¥7.11b |
Equity | CN¥8.43b |
Total liabilities | CN¥19.45b |
Total assets | CN¥27.88b |
Recent financial health updates
No updates
Recent updates
Financial 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 30.5% to 9.2% 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.