Hang Zhou Iron & SteelLtd Balance Sheet Health
Financial Health criteria checks 3/6
Hang Zhou Iron & SteelLtd has a total shareholder equity of CN¥20.3B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are CN¥33.0B and CN¥12.7B respectively.
Key information
10.0%
Debt to equity ratio
CN¥2.02b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥5.90b |
| Equity | CN¥20.27b |
| Total liabilities | CN¥12.72b |
| Total assets | CN¥32.99b |
Recent financial health updates
Recent updates
We Think That There Are More Issues For Hang Zhou Iron & SteelLtd (SHSE:600126) Than Just Sluggish Earnings
Apr 21
Investors Still Aren't Entirely Convinced By Hang Zhou Iron & Steel Co.,Ltd.'s (SHSE:600126) Revenues Despite 28% Price Jump
Mar 04Does Hang Zhou Iron & SteelLtd (SHSE:600126) Have A Healthy Balance Sheet?
Feb 28Financial Position Analysis
Short Term Liabilities: 600126's short term assets (CN¥18.3B) exceed its short term liabilities (CN¥12.4B).
Long Term Liabilities: 600126's short term assets (CN¥18.3B) exceed its long term liabilities (CN¥324.0M).
Debt to Equity History and Analysis
Debt Level: 600126 has more cash than its total debt.
Reducing Debt: 600126's debt to equity ratio has increased from 3.4% to 10% over the past 5 years.
Debt Coverage: 600126's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 600126's interest payments on its debt are well covered by EBIT.