Xinyu Iron & Steel Balance Sheet Health
Financial Health criteria checks 4/6
Xinyu Iron & Steel has a total shareholder equity of CN¥27.1B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are CN¥51.0B and CN¥23.9B respectively.
Key information
20.8%
Debt to equity ratio
CN¥5.65b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.43b |
| Equity | CN¥27.15b |
| Total liabilities | CN¥23.85b |
| Total assets | CN¥51.00b |
Financial Position Analysis
Short Term Liabilities: 600782's short term assets (CN¥21.1B) exceed its short term liabilities (CN¥20.1B).
Long Term Liabilities: 600782's short term assets (CN¥21.1B) exceed its long term liabilities (CN¥3.7B).
Debt to Equity History and Analysis
Debt Level: 600782's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: 600782's debt to equity ratio has reduced from 25.1% to 20.8% over the past 5 years.
Debt Coverage: 600782's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 600782's interest payments on its debt are well covered by EBIT.