Baoshan Iron & Steel Balance Sheet Health
Financial Health criteria checks 6/6
Baoshan Iron & Steel has a total shareholder equity of CN¥222.1B and total debt of CN¥46.2B, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are CN¥375.3B and CN¥153.3B respectively. Baoshan Iron & Steel's EBIT is CN¥16.4B making its interest coverage ratio -425.6. It has cash and short-term investments of CN¥23.2B.
Key information
20.8%
Debt to equity ratio
CN¥46.21b
Debt
| Interest coverage ratio | -425.6x |
| Cash | CN¥23.18b |
| Equity | CN¥222.07b |
| Total liabilities | CN¥153.25b |
| Total assets | CN¥375.33b |
Financial Position Analysis
Short Term Liabilities: 600019's short term assets (CN¥137.8B) exceed its short term liabilities (CN¥110.1B).
Long Term Liabilities: 600019's short term assets (CN¥137.8B) exceed its long term liabilities (CN¥43.1B).
Debt to Equity History and Analysis
Debt Level: 600019's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: 600019's debt to equity ratio has reduced from 34.7% to 20.8% over the past 5 years.
Debt Coverage: 600019's debt is well covered by operating cash flow (54.8%).
Interest Coverage: 600019 earns more interest than it pays, so coverage of interest payments is not a concern.