Changjiang & Jinggong Steel Building (Group) Co., Ltd

XSSC:600496 Stock Report

Market Cap: CN¥6.0b

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¥8.9B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are CN¥24.1B and CN¥15.2B respectively. Changjiang & Jinggong Steel Building (Group)'s EBIT is CN¥461.1M making its interest coverage ratio 16.3. It has cash and short-term investments of CN¥4.9B.

Key information

39.5%

Debt to equity ratio

CN¥3.53b

Debt

Interest coverage ratio16.3x
CashCN¥4.92b
EquityCN¥8.92b
Total liabilitiesCN¥15.23b
Total assetsCN¥24.15b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 600496's short term assets (CN¥19.6B) exceed its short term liabilities (CN¥12.6B).

Long Term Liabilities: 600496's short term assets (CN¥19.6B) exceed its long term liabilities (CN¥2.7B).


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 41.7% to 39.5% over the past 5 years.

Debt Coverage: 600496's debt is well covered by operating cash flow (30.1%).

Interest Coverage: 600496's interest payments on its debt are well covered by EBIT (16.3x coverage).


Balance Sheet


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