Suzhou Iron TechnologyLTD Balance Sheet Health
Financial Health criteria checks 5/6
Suzhou Iron TechnologyLTD has a total shareholder equity of CN¥818.6M and total debt of CN¥256.2M, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are CN¥1.4B and CN¥621.0M respectively. Suzhou Iron TechnologyLTD's EBIT is CN¥35.9M making its interest coverage ratio 7.7. It has cash and short-term investments of CN¥222.8M.
Key information
31.3%
Debt to equity ratio
CN¥256.25m
Debt
| Interest coverage ratio | 7.7x |
| Cash | CN¥222.81m |
| Equity | CN¥818.58m |
| Total liabilities | CN¥620.98m |
| Total assets | CN¥1.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688329's short term assets (CN¥803.0M) exceed its short term liabilities (CN¥539.6M).
Long Term Liabilities: 688329's short term assets (CN¥803.0M) exceed its long term liabilities (CN¥81.3M).
Debt to Equity History and Analysis
Debt Level: 688329's net debt to equity ratio (4.1%) is considered satisfactory.
Reducing Debt: 688329's debt to equity ratio has increased from 7.7% to 31.3% over the past 5 years.
Debt Coverage: 688329's debt is well covered by operating cash flow (33.9%).
Interest Coverage: 688329's interest payments on its debt are well covered by EBIT (7.7x coverage).