Shandong Iron and Steel Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Iron and Steel has a total shareholder equity of CN¥29.0B and total debt of CN¥12.4B, which brings its debt-to-equity ratio to 42.9%. Its total assets and total liabilities are CN¥66.8B and CN¥37.8B respectively.
Key information
42.9%
Debt to equity ratio
CN¥12.41b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥6.84b |
| Equity | CN¥28.96b |
| Total liabilities | CN¥37.83b |
| Total assets | CN¥66.79b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600022's short term assets (CN¥15.7B) do not cover its short term liabilities (CN¥32.0B).
Long Term Liabilities: 600022's short term assets (CN¥15.7B) exceed its long term liabilities (CN¥5.8B).
Debt to Equity History and Analysis
Debt Level: 600022's net debt to equity ratio (19.3%) is considered satisfactory.
Reducing Debt: 600022's debt to equity ratio has reduced from 56.9% to 42.9% over the past 5 years.
Debt Coverage: 600022's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: Insufficient data to determine if 600022's interest payments on its debt are well covered by EBIT.