Fushun Special SteelLTD Balance Sheet Health
Financial Health criteria checks 5/6
Fushun Special SteelLTD has a total shareholder equity of CN¥6.5B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 41.9%. Its total assets and total liabilities are CN¥12.3B and CN¥5.7B respectively. Fushun Special SteelLTD's EBIT is CN¥429.7M making its interest coverage ratio 33. It has cash and short-term investments of CN ¥778.5M.
Key information
41.9%
Debt to equity ratio
CN¥2.74b
Debt
Interest coverage ratio | 33x |
Cash | CN¥778.55m |
Equity | CN¥6.53b |
Total liabilities | CN¥5.74b |
Total assets | CN¥12.27b |
Recent financial health updates
These 4 Measures Indicate That Fushun Special SteelLTD (SHSE:600399) Is Using Debt Extensively
Feb 26Recent updates
Financial Position Analysis
Short Term Liabilities: 600399's short term assets (CN¥6.0B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 600399's short term assets (CN¥6.0B) exceed its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 600399's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: 600399's debt to equity ratio has reduced from 57.1% to 41.9% over the past 5 years.
Debt Coverage: 600399's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: 600399's interest payments on its debt are well covered by EBIT (33x coverage).