Xining Special Steel.Co.Ltd Balance Sheet Health
Financial Health criteria checks 2/6
Xining Special Steel.Co.Ltd has a total shareholder equity of CN¥7.2B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are CN¥13.1B and CN¥5.9B respectively.
Key information
43.1%
Debt to equity ratio
CN¥3.09b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥111.96m |
| Equity | CN¥7.16b |
| Total liabilities | CN¥5.91b |
| Total assets | CN¥13.07b |
Recent financial health updates
We Think Xining Special Steel.Co.Ltd (SHSE:600117) Has A Fair Chunk Of Debt
Aug 20
Does Xining Special Steel.Co.Ltd (SHSE:600117) Have A Healthy Balance Sheet?
Feb 29Recent updates
We Think That There Are Issues Underlying Xining Special Steel.Co.Ltd's (SHSE:600117) Earnings
Nov 06Xining Special Steel.Co.,Ltd's (SHSE:600117) Popularity With Investors Is Under Threat From Overpricing
Sep 25We Think Xining Special Steel.Co.Ltd (SHSE:600117) Has A Fair Chunk Of Debt
Aug 20Xining Special Steel.Co.,Ltd (SHSE:600117) Investors Are Less Pessimistic Than Expected
Jun 05Solid Earnings May Not Tell The Whole Story For Xining Special Steel.Co.Ltd (SHSE:600117)
Mar 26Does Xining Special Steel.Co.Ltd (SHSE:600117) Have A Healthy Balance Sheet?
Feb 29Financial Position Analysis
Short Term Liabilities: 600117's short term assets (CN¥2.7B) do not cover its short term liabilities (CN¥3.2B).
Long Term Liabilities: 600117's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 600117's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: 600117's debt to equity ratio has reduced from 357% to 43.1% over the past 5 years.
Debt Coverage: 600117's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 600117's interest payments on its debt are well covered by EBIT.