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¥41.5B and total debt of CN¥36.9B, which brings its debt-to-equity ratio to 88.8%. Its total assets and total liabilities are CN¥112.4B and CN¥70.9B respectively. Citic Pacific Special Steel Group's EBIT is CN¥6.5B making its interest coverage ratio 9.1. It has cash and short-term investments of CN¥7.7B.
Key information
88.8%
Debt to equity ratio
CN¥36.86b
Debt
| Interest coverage ratio | 9.1x |
| Cash | CN¥7.65b |
| Equity | CN¥41.51b |
| Total liabilities | CN¥70.92b |
| Total assets | CN¥112.43b |
Recent financial health updates
Is Citic Pacific Special Steel Group (SZSE:000708) Using Too Much Debt?
Aug 12
Does Citic Pacific Special Steel Group (SZSE:000708) Have A Healthy Balance Sheet?
Apr 01Recent updates
Citic Pacific Special Steel Group Co., Ltd's (SZSE:000708) Shares Lagging The Market But So Is The Business
Sep 18Earnings Report: Citic Pacific Special Steel Group Co., Ltd Missed Revenue Estimates By 91%
Aug 22Is Citic Pacific Special Steel Group (SZSE:000708) Using Too Much Debt?
Aug 12Improved Earnings Required Before Citic Pacific Special Steel Group Co., Ltd (SZSE:000708) Shares Find Their Feet
May 28Is There An Opportunity With Citic Pacific Special Steel Group Co., Ltd's (SZSE:000708) 39% Undervaluation?
Apr 19Does Citic Pacific Special Steel Group (SZSE:000708) Have A Healthy Balance Sheet?
Apr 01Citic Pacific Special Steel Group Co., Ltd Just Missed Earnings - But Analysts Have Updated Their Models
Mar 14Financial Position Analysis
Short Term Liabilities: 000708's short term assets (CN¥48.1B) exceed its short term liabilities (CN¥45.0B).
Long Term Liabilities: 000708's short term assets (CN¥48.1B) exceed its long term liabilities (CN¥25.9B).
Debt to Equity History and Analysis
Debt Level: 000708's net debt to equity ratio (70.4%) is considered high.
Reducing Debt: 000708's debt to equity ratio has increased from 11.5% to 88.8% over the past 5 years.
Debt Coverage: 000708's debt is well covered by operating cash flow (30.8%).
Interest Coverage: 000708's interest payments on its debt are well covered by EBIT (9.1x coverage).