Sinosteel Luonai Materials Technology Balance Sheet Health
Financial Health criteria checks 4/6
Sinosteel Luonai Materials Technology has a total shareholder equity of CN¥3.1B and total debt of CN¥880.2M, which brings its debt-to-equity ratio to 28.2%. Its total assets and total liabilities are CN¥6.0B and CN¥2.9B respectively. Sinosteel Luonai Materials Technology's EBIT is CN¥92.4M making its interest coverage ratio -8.7. It has cash and short-term investments of CN¥2.4B.
Key information
28.2%
Debt to equity ratio
CN¥880.16m
Debt
| Interest coverage ratio | -8.7x |
| Cash | CN¥2.37b |
| Equity | CN¥3.12b |
| Total liabilities | CN¥2.86b |
| Total assets | CN¥5.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688119's short term assets (CN¥4.5B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 688119's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥827.4M).
Debt to Equity History and Analysis
Debt Level: 688119 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 688119's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 688119's debt is not well covered by operating cash flow (1.5%).
Interest Coverage: 688119 earns more interest than it pays, so coverage of interest payments is not a concern.