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¥1.4B and total debt of CN¥7.0B, which brings its debt-to-equity ratio to 490.2%. Its total assets and total liabilities are CN¥30.7B and CN¥29.2B respectively.
Key information
490.2%
Debt to equity ratio
CN¥7.05b
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.27b |
Equity | CN¥1.44b |
Total liabilities | CN¥29.22b |
Total assets | CN¥30.65b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600581's short term assets (CN¥7.8B) do not cover its short term liabilities (CN¥24.0B).
Long Term Liabilities: 600581's short term assets (CN¥7.8B) exceed its long term liabilities (CN¥5.2B).
Debt to Equity History and Analysis
Debt Level: 600581's net debt to equity ratio (401.5%) is considered high.
Reducing Debt: 600581's debt to equity ratio has increased from 155.1% to 490.2% 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: 600581 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 600581 has sufficient cash runway for 2.9 years if free cash flow continues to reduce at historical rates of 37.4% each year.