Lingyuan Iron & Steel Balance Sheet Health
Financial Health criteria checks 3/6
Lingyuan Iron & Steel has a total shareholder equity of CN¥6.0B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 47.5%. Its total assets and total liabilities are CN¥15.3B and CN¥9.3B respectively.
Key information
47.5%
Debt to equity ratio
CN¥2.85b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.83b |
| Equity | CN¥6.00b |
| Total liabilities | CN¥9.28b |
| Total assets | CN¥15.28b |
Recent financial health updates
Is Lingyuan Iron & Steel (SHSE:600231) Using Debt Sensibly?
Dec 06
Is Lingyuan Iron & Steel (SHSE:600231) Using Debt Sensibly?
Jun 03Recent updates
Is Lingyuan Iron & Steel (SHSE:600231) Using Debt Sensibly?
Dec 06Lingyuan Iron & Steel Co., Ltd. (SHSE:600231) Surges 34% Yet Its Low P/S Is No Reason For Excitement
Oct 01Investors Don't See Light At End Of Lingyuan Iron & Steel Co., Ltd.'s (SHSE:600231) Tunnel And Push Stock Down 25%
Jun 20Is Lingyuan Iron & Steel (SHSE:600231) Using Debt Sensibly?
Jun 03Improved Revenues Required Before Lingyuan Iron & Steel Co., Ltd. (SHSE:600231) Shares Find Their Feet
Apr 03Financial Position Analysis
Short Term Liabilities: 600231's short term assets (CN¥3.8B) do not cover its short term liabilities (CN¥6.8B).
Long Term Liabilities: 600231's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 600231's net debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: 600231's debt to equity ratio has increased from 20.1% to 47.5% over the past 5 years.
Debt Coverage: 600231's debt is well covered by operating cash flow (24.5%).
Interest Coverage: Insufficient data to determine if 600231'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 | 2024/12/29 05:35 |
| End of Day Share Price | 2024/12/27 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
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Analyst Sources
Lingyuan Iron & Steel Co., Ltd. is covered by 14 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 |
|---|---|
| Yuanrui Liu | Changjiang Securities Co. LTD. |
| Xizeng ZHOU | Citic Securities Co., Ltd. |
| Zhaohua Wang | Everbright Securities Co. Ltd. |