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
No updates
Recent updates
Financial 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.