Chongqing Iron & Steel Balance Sheet Health
Financial Health criteria checks 4/6
Chongqing Iron & Steel has a total shareholder equity of CN¥18.5B and total debt of CN¥6.3B, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are CN¥35.9B and CN¥17.5B respectively.
Key information
34.1%
Debt to equity ratio
CN¥6.28b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥2.54b |
| Equity | CN¥18.45b |
| Total liabilities | CN¥17.46b |
| Total assets | CN¥35.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601005's short term assets (CN¥5.1B) do not cover its short term liabilities (CN¥16.2B).
Long Term Liabilities: 601005's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 601005's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: 601005's debt to equity ratio has increased from 16.9% to 34.1% 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 17.5% per year.