Shandong Iron and Steel Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Iron and Steel has a total shareholder equity of CN¥29.8B and total debt of CN¥12.0B, which brings its debt-to-equity ratio to 40.1%. Its total assets and total liabilities are CN¥67.9B and CN¥38.0B respectively.
Key information
40.1%
Debt to equity ratio
CN¥11.96b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥6.69b |
| Equity | CN¥29.84b |
| Total liabilities | CN¥38.03b |
| Total assets | CN¥67.87b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600022's short term assets (CN¥15.9B) do not cover its short term liabilities (CN¥32.0B).
Long Term Liabilities: 600022's short term assets (CN¥15.9B) exceed its long term liabilities (CN¥6.0B).
Debt to Equity History and Analysis
Debt Level: 600022's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: 600022's debt to equity ratio has reduced from 57.1% to 40.1% over the past 5 years.
Debt Coverage: 600022's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: Insufficient data to determine if 600022's interest payments on its debt are well covered by EBIT.