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 |
Financial 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.