Nanjing Iron & Steel Balance Sheet Health
Financial Health criteria checks 2/6
Nanjing Iron & Steel has a total shareholder equity of CN¥28.4B and total debt of CN¥22.9B, which brings its debt-to-equity ratio to 80.6%. Its total assets and total liabilities are CN¥73.3B and CN¥44.8B respectively. Nanjing Iron & Steel's EBIT is CN¥3.2B making its interest coverage ratio 7.8. It has cash and short-term investments of CN¥8.1B.
Key information
80.6%
Debt to equity ratio
CN¥22.92b
Debt
| Interest coverage ratio | 7.8x |
| Cash | CN¥8.12b |
| Equity | CN¥28.44b |
| Total liabilities | CN¥44.82b |
| Total assets | CN¥73.26b |
Financial Position Analysis
Short Term Liabilities: 600282's short term assets (CN¥31.7B) do not cover its short term liabilities (CN¥34.7B).
Long Term Liabilities: 600282's short term assets (CN¥31.7B) exceed its long term liabilities (CN¥10.1B).
Debt to Equity History and Analysis
Debt Level: 600282's net debt to equity ratio (52.1%) is considered high.
Reducing Debt: 600282's debt to equity ratio has increased from 34.4% to 80.6% over the past 5 years.
Debt Coverage: 600282's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: 600282's interest payments on its debt are well covered by EBIT (7.8x coverage).