Fangda Special Steel Technology Balance Sheet Health
Financial Health criteria checks 5/6
Fangda Special Steel Technology has a total shareholder equity of CN¥9.6B and total debt of CN¥356.3M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥22.0B and CN¥12.4B respectively. Fangda Special Steel Technology's EBIT is CN¥389.6M making its interest coverage ratio -3.4. It has cash and short-term investments of CN¥8.7B.
Key information
3.7%
Debt to equity ratio
CN¥356.32m
Debt
| Interest coverage ratio | -3.4x |
| Cash | CN¥8.73b |
| Equity | CN¥9.64b |
| Total liabilities | CN¥12.39b |
| Total assets | CN¥22.03b |
Recent financial health updates
No updates
Recent updates
Fangda Special Steel Technology (SHSE:600507) Is Reinvesting At Lower Rates Of Return
Dec 19
Fangda Special Steel Technology's (SHSE:600507) Shareholders Have More To Worry About Than Lackluster Earnings
Nov 05Shareholders Can Be Confident That Fangda Special Steel Technology's (SHSE:600507) Earnings Are High Quality
May 03Financial Position Analysis
Short Term Liabilities: 600507's short term assets (CN¥13.1B) exceed its short term liabilities (CN¥11.7B).
Long Term Liabilities: 600507's short term assets (CN¥13.1B) exceed its long term liabilities (CN¥738.5M).
Debt to Equity History and Analysis
Debt Level: 600507 has more cash than its total debt.
Reducing Debt: 600507's debt to equity ratio has reduced from 12.9% to 3.7% over the past 5 years.
Debt Coverage: 600507's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600507 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 08:47 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Fangda Special Steel Technology Co., Ltd. is covered by 11 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Francisco Chávez Martínez | BBVA Corporate and Investment Bank |
| He Tao Wang | Changjiang Securities Co. LTD. |
| Liang Long | Chasing Securities |