Citic Pacific Special Steel Group Balance Sheet Health
Financial Health criteria checks 4/6
Citic Pacific Special Steel Group has a total shareholder equity of CN¥41.6B and total debt of CN¥35.6B, which brings its debt-to-equity ratio to 85.4%. Its total assets and total liabilities are CN¥116.5B and CN¥74.9B respectively. Citic Pacific Special Steel Group's EBIT is CN¥6.9B making its interest coverage ratio 8.9. It has cash and short-term investments of CN¥8.5B.
Key information
85.4%
Debt to equity ratio
CN¥35.56b
Debt
| Interest coverage ratio | 8.9x |
| Cash | CN¥8.48b |
| Equity | CN¥41.63b |
| Total liabilities | CN¥74.87b |
| Total assets | CN¥116.51b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000708's short term assets (CN¥51.2B) exceed its short term liabilities (CN¥49.5B).
Long Term Liabilities: 000708's short term assets (CN¥51.2B) exceed its long term liabilities (CN¥25.3B).
Debt to Equity History and Analysis
Debt Level: 000708's net debt to equity ratio (65%) is considered high.
Reducing Debt: 000708's debt to equity ratio has increased from 58.1% to 85.4% over the past 5 years.
Debt Coverage: 000708's debt is well covered by operating cash flow (30%).
Interest Coverage: 000708's interest payments on its debt are well covered by EBIT (8.9x coverage).