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¥9.6B and total debt of CN¥19.2B, which brings its debt-to-equity ratio to 198.8%. Its total assets and total liabilities are CN¥46.1B and CN¥36.5B respectively.
Key information
198.8%
Debt to equity ratio
CN¥19.17b
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.72b |
Equity | CN¥9.64b |
Total liabilities | CN¥36.49b |
Total assets | CN¥46.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600307's short term assets (CN¥12.1B) do not cover its short term liabilities (CN¥27.3B).
Long Term Liabilities: 600307's short term assets (CN¥12.1B) exceed its long term liabilities (CN¥9.2B).
Debt to Equity History and Analysis
Debt Level: 600307's net debt to equity ratio (180.9%) is considered high.
Reducing Debt: 600307's debt to equity ratio has increased from 182% to 198.8% 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 42.7% each year