Nanjing Iron & Steel Balance Sheet Health
Financial Health criteria checks 2/6
Nanjing Iron & Steel has a total shareholder equity of CN¥27.5B and total debt of CN¥22.9B, which brings its debt-to-equity ratio to 83.1%. Its total assets and total liabilities are CN¥67.7B and CN¥40.1B respectively. Nanjing Iron & Steel's EBIT is CN¥2.9B making its interest coverage ratio 6.4. It has cash and short-term investments of CN¥5.1B.
Key information
83.1%
Debt to equity ratio
CN¥22.86b
Debt
| Interest coverage ratio | 6.4x |
| Cash | CN¥5.10b |
| Equity | CN¥27.52b |
| Total liabilities | CN¥40.14b |
| Total assets | CN¥67.66b |
Recent financial health updates
Is Nanjing Iron & Steel (SHSE:600282) A Risky Investment?
Aug 14
Is Nanjing Iron & Steel (SHSE:600282) Using Too Much Debt?
Apr 22Recent updates
Nanjing Iron & Steel Co., Ltd. (SHSE:600282) Looks Inexpensive But Perhaps Not Attractive Enough
Sep 23Nanjing Iron & Steel's (SHSE:600282) Shareholders May Want To Dig Deeper Than Statutory Profit
Aug 26Is Nanjing Iron & Steel (SHSE:600282) A Risky Investment?
Aug 14Insufficient Growth At Nanjing Iron & Steel Co., Ltd. (SHSE:600282) Hampers Share Price
Jun 17Is Nanjing Iron & Steel (SHSE:600282) Using Too Much Debt?
Apr 22Nanjing Iron & Steel Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Mar 11Financial Position Analysis
Short Term Liabilities: 600282's short term assets (CN¥25.8B) do not cover its short term liabilities (CN¥33.1B).
Long Term Liabilities: 600282's short term assets (CN¥25.8B) exceed its long term liabilities (CN¥7.0B).
Debt to Equity History and Analysis
Debt Level: 600282's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: 600282's debt to equity ratio has increased from 32.3% to 83.1% over the past 5 years.
Debt Coverage: 600282's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: 600282's interest payments on its debt are well covered by EBIT (6.4x coverage).