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
Recent updates
Lingyuan Iron & Steel Co., Ltd. (SHSE:600231) Surges 34% Yet Its Low P/S Is No Reason For Excitement
Oct 01
Investors 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.