XinJiang Ba Yi Iron & SteelLtd Balance Sheet Health
Financial Health criteria checks 3/6
XinJiang Ba Yi Iron & SteelLtd has a total shareholder equity of CN¥424.1M and total debt of CN¥6.9B, which brings its debt-to-equity ratio to 1615.8%. Its total assets and total liabilities are CN¥30.5B and CN¥30.1B respectively.
Key information
1,615.8%
Debt to equity ratio
CN¥6.85b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.82b |
| Equity | CN¥424.12m |
| Total liabilities | CN¥30.09b |
| Total assets | CN¥30.52b |
Recent financial health updates
Is XinJiang Ba Yi Iron & SteelLtd (SHSE:600581) A Risky Investment?
Sep 25
Does XinJiang Ba Yi Iron & SteelLtd (SHSE:600581) Have A Healthy Balance Sheet?
Jun 06Recent updates
XinJiang Ba Yi Iron & Steel Co.,Ltd.'s (SHSE:600581) Shares Bounce 32% But Its Business Still Trails The Industry
Sep 30Is XinJiang Ba Yi Iron & SteelLtd (SHSE:600581) A Risky Investment?
Sep 25Does XinJiang Ba Yi Iron & SteelLtd (SHSE:600581) Have A Healthy Balance Sheet?
Jun 06XinJiang Ba Yi Iron & Steel Co.,Ltd. (SHSE:600581) Looks Inexpensive But Perhaps Not Attractive Enough
Apr 04Financial Position Analysis
Short Term Liabilities: 600581's short term assets (CN¥7.7B) do not cover its short term liabilities (CN¥25.1B).
Long Term Liabilities: 600581's short term assets (CN¥7.7B) exceed its long term liabilities (CN¥5.0B).
Debt to Equity History and Analysis
Debt Level: 600581's net debt to equity ratio (1187.7%) is considered high.
Reducing Debt: 600581's debt to equity ratio has increased from 139.4% to 1615.8% 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: Whilst unprofitable 600581 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600581 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 34.6% per year.