Chongqing Iron & Steel Balance Sheet Health
Financial Health criteria checks 4/6
Chongqing Iron & Steel has a total shareholder equity of CN¥19.1B and total debt of CN¥5.8B, which brings its debt-to-equity ratio to 30.4%. Its total assets and total liabilities are CN¥36.5B and CN¥17.4B respectively.
Key information
30.4%
Debt to equity ratio
CN¥5.81b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥2.09b |
| Equity | CN¥19.10b |
| Total liabilities | CN¥17.39b |
| Total assets | CN¥36.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601005's short term assets (CN¥5.5B) do not cover its short term liabilities (CN¥13.9B).
Long Term Liabilities: 601005's short term assets (CN¥5.5B) exceed its long term liabilities (CN¥3.5B).
Debt to Equity History and Analysis
Debt Level: 601005's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: 601005's debt to equity ratio has increased from 16.7% to 30.4% 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 601005 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 601005 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 15.6% per year.