Baoshan Iron & Steel Balance Sheet Health
Financial Health criteria checks 6/6
Baoshan Iron & Steel has a total shareholder equity of CN¥218.4B and total debt of CN¥44.2B, which brings its debt-to-equity ratio to 20.2%. Its total assets and total liabilities are CN¥367.2B and CN¥148.7B respectively. Baoshan Iron & Steel's EBIT is CN¥11.1B making its interest coverage ratio -4.7. It has cash and short-term investments of CN¥24.1B.
Key information
20.2%
Debt to equity ratio
CN¥44.23b
Debt
| Interest coverage ratio | -4.7x |
| Cash | CN¥24.09b |
| Equity | CN¥218.43b |
| Total liabilities | CN¥148.74b |
| Total assets | CN¥367.18b |
Recent financial health updates
These 4 Measures Indicate That Baoshan Iron & Steel (SHSE:600019) Is Using Debt Safely
Oct 14
We Think Baoshan Iron & Steel (SHSE:600019) Can Stay On Top Of Its Debt
Feb 29Recent updates
There May Be Reason For Hope In Baoshan Iron & Steel's (SHSE:600019) Disappointing Earnings
Nov 05These 4 Measures Indicate That Baoshan Iron & Steel (SHSE:600019) Is Using Debt Safely
Oct 14There Are Reasons To Feel Uneasy About Baoshan Iron & Steel's (SHSE:600019) Returns On Capital
Sep 20Baoshan Iron & Steel Co., Ltd. (SHSE:600019) Shares Could Be 44% Below Their Intrinsic Value Estimate
Jul 21Investors Don't See Light At End Of Baoshan Iron & Steel Co., Ltd.'s (SHSE:600019) Tunnel
Jun 30Baoshan Iron & Steel (SHSE:600019) Will Pay A Larger Dividend Than Last Year At CN¥0.20
Jun 09Baoshan Iron & Steel (SHSE:600019) Might Be Having Difficulty Using Its Capital Effectively
May 24A Piece Of The Puzzle Missing From Baoshan Iron & Steel Co., Ltd.'s (SHSE:600019) Share Price
Mar 26We Think Baoshan Iron & Steel (SHSE:600019) Can Stay On Top Of Its Debt
Feb 29Financial Position Analysis
Short Term Liabilities: 600019's short term assets (CN¥134.7B) exceed its short term liabilities (CN¥115.0B).
Long Term Liabilities: 600019's short term assets (CN¥134.7B) exceed its long term liabilities (CN¥33.7B).
Debt to Equity History and Analysis
Debt Level: 600019's net debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: 600019's debt to equity ratio has reduced from 36.3% to 20.2% over the past 5 years.
Debt Coverage: 600019's debt is well covered by operating cash flow (62.6%).
Interest Coverage: 600019 earns more interest than it pays, so coverage of interest payments is not a concern.