Gansu Jiu Steel Group Hongxing Iron & SteelLtd Balance Sheet Health
Financial Health criteria checks 1/6
Gansu Jiu Steel Group Hongxing Iron & SteelLtd has a total shareholder equity of CN¥8.2B and total debt of CN¥22.0B, which brings its debt-to-equity ratio to 266.8%. Its total assets and total liabilities are CN¥47.8B and CN¥39.6B respectively.
Key information
266.8%
Debt to equity ratio
CN¥21.99b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.50b |
| Equity | CN¥8.24b |
| Total liabilities | CN¥39.57b |
| Total assets | CN¥47.81b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600307's short term assets (CN¥10.9B) do not cover its short term liabilities (CN¥30.6B).
Long Term Liabilities: 600307's short term assets (CN¥10.9B) exceed its long term liabilities (CN¥9.0B).
Debt to Equity History and Analysis
Debt Level: 600307's net debt to equity ratio (224.3%) is considered high.
Reducing Debt: 600307's debt to equity ratio has increased from 138.3% to 266.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 600307 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 600307 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 50.7% each year