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¥43.0B and total debt of CN¥36.8B, which brings its debt-to-equity ratio to 85.6%. Its total assets and total liabilities are CN¥114.0B and CN¥71.1B respectively. Citic Pacific Special Steel Group's EBIT is CN¥6.8B making its interest coverage ratio 8.1. It has cash and short-term investments of CN¥5.7B.
Key information
85.6%
Debt to equity ratio
CN¥36.79b
Debt
Interest coverage ratio | 8.1x |
Cash | CN¥5.75b |
Equity | CN¥42.98b |
Total liabilities | CN¥71.07b |
Total assets | CN¥114.04b |
Recent financial health updates
Is Citic Pacific Special Steel Group (SZSE:000708) Using Too Much Debt?
Aug 12Does Citic Pacific Special Steel Group (SZSE:000708) Have A Healthy Balance Sheet?
Apr 01Recent updates
Is 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¥49.4B) exceed its short term liabilities (CN¥46.6B).
Long Term Liabilities: 000708's short term assets (CN¥49.4B) exceed its long term liabilities (CN¥24.4B).
Debt to Equity History and Analysis
Debt Level: 000708's net debt to equity ratio (72.2%) is considered high.
Reducing Debt: 000708's debt to equity ratio has increased from 11.1% to 85.6% over the past 5 years.
Debt Coverage: 000708's debt is well covered by operating cash flow (28.4%).
Interest Coverage: 000708's interest payments on its debt are well covered by EBIT (8.1x coverage).