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
Is Shandong Iron and Steel (SHSE:600022) Using Debt In A Risky Way?
Dec 07
Health Check: How Prudently Does Shandong Iron and Steel (SHSE:600022) Use Debt?
Sep 05Recent updates
Is Shandong Iron and Steel (SHSE:600022) Using Debt In A Risky Way?
Dec 07Health Check: How Prudently Does Shandong Iron and Steel (SHSE:600022) Use Debt?
Sep 05Shandong Iron and Steel Company Ltd.'s (SHSE:600022) Low P/S No Reason For Excitement
Aug 01Shandong Iron and Steel Company Ltd.'s (SHSE:600022) Shares Lagging The Industry But So Is The Business
Mar 05Financial 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 02:11 |
| End of Day Share Price | 2024/12/26 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shandong Iron and Steel Company Ltd. is covered by 8 analysts. 0 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 |
|---|---|
| He Tao Wang | Changjiang Securities Co. LTD. |
| Xizeng ZHOU | Citic Securities Co., Ltd. |
| Kai Wang | Everbright Securities Co. Ltd. |