Guangdong Zhongnan Iron and Steel Balance Sheet Health
Financial Health criteria checks 3/6
Guangdong Zhongnan Iron and Steel has a total shareholder equity of CN¥8.3B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 33.4%. Its total assets and total liabilities are CN¥20.0B and CN¥11.7B respectively.
Key information
33.4%
Debt to equity ratio
CN¥2.76b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.27b |
| Equity | CN¥8.26b |
| Total liabilities | CN¥11.70b |
| Total assets | CN¥19.97b |
Financial Position Analysis
Short Term Liabilities: 000717's short term assets (CN¥3.7B) do not cover its short term liabilities (CN¥9.0B).
Long Term Liabilities: 000717's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 000717's net debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: 000717's debt to equity ratio has reduced from 42.1% to 33.4% over the past 5 years.
Debt Coverage: 000717's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: Insufficient data to determine if 000717's interest payments on its debt are well covered by EBIT.