Lingyuan Iron & Steel Balance Sheet Health
Financial Health criteria checks 4/6
Lingyuan Iron & Steel has a total shareholder equity of CN¥7.1B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are CN¥15.2B and CN¥8.1B respectively.
Key information
34.6%
Debt to equity ratio
CN¥2.46b
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.67b |
Equity | CN¥7.11b |
Total liabilities | CN¥8.14b |
Total assets | CN¥15.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600231's short term assets (CN¥3.8B) do not cover its short term liabilities (CN¥6.3B).
Long Term Liabilities: 600231's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 600231's net debt to equity ratio (11.2%) is considered satisfactory.
Reducing Debt: 600231's debt to equity ratio has reduced from 49.5% to 34.6% over the past 5 years.
Debt Coverage: 600231's debt is well covered by operating cash flow (42.3%).
Interest Coverage: Insufficient data to determine if 600231's interest payments on its debt are well covered by EBIT.