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 ratio | 16.3x |
| Cash | CN¥4.92b |
| Equity | CN¥8.92b |
| Total liabilities | CN¥15.23b |
| Total assets | CN¥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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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 16:23 |
| End of Day Share Price | 2024/12/24 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
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Industry and Sector Metrics
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Analyst Sources
Changjiang & Jinggong Steel Building (Group) Co., Ltd is covered by 17 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. |
| Qing Gong | China International Capital Corporation Limited |
| Jianping PAN | Citic Securities Co., Ltd. |