Shanxi Taigang Stainless Steel Balance Sheet Health
Financial Health criteria checks 4/6
Shanxi Taigang Stainless Steel has a total shareholder equity of CN¥35.4B and total debt of CN¥9.6B, which brings its debt-to-equity ratio to 27.1%. Its total assets and total liabilities are CN¥68.9B and CN¥33.5B respectively.
Key information
27.1%
Debt to equity ratio
CN¥9.59b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥8.76b |
| Equity | CN¥35.39b |
| Total liabilities | CN¥33.51b |
| Total assets | CN¥68.89b |
Recent financial health updates
Does Shanxi Taigang Stainless Steel (SZSE:000825) Have A Healthy Balance Sheet?
Oct 28
Is Shanxi Taigang Stainless Steel (SZSE:000825) Using Debt In A Risky Way?
May 27Recent updates
Does Shanxi Taigang Stainless Steel (SZSE:000825) Have A Healthy Balance Sheet?
Oct 28Shanxi Taigang Stainless Steel Co., Ltd. (SZSE:000825) Looks Inexpensive But Perhaps Not Attractive Enough
Oct 01A Look At The Fair Value Of Shanxi Taigang Stainless Steel Co., Ltd. (SZSE:000825)
Jul 22Little Excitement Around Shanxi Taigang Stainless Steel Co., Ltd.'s (SZSE:000825) Revenues
Jun 23Is Shanxi Taigang Stainless Steel (SZSE:000825) Using Debt In A Risky Way?
May 27A Look At The Fair Value Of Shanxi Taigang Stainless Steel Co., Ltd. (SZSE:000825)
Mar 25Shanxi Taigang Stainless Steel Co., Ltd. (SZSE:000825) Looks Inexpensive But Perhaps Not Attractive Enough
Feb 28Financial Position Analysis
Short Term Liabilities: 000825's short term assets (CN¥21.6B) do not cover its short term liabilities (CN¥26.3B).
Long Term Liabilities: 000825's short term assets (CN¥21.6B) exceed its long term liabilities (CN¥7.2B).
Debt to Equity History and Analysis
Debt Level: 000825's net debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: 000825's debt to equity ratio has reduced from 71.8% to 27.1% over the past 5 years.
Debt Coverage: 000825's debt is well covered by operating cash flow (34.8%).
Interest Coverage: Insufficient data to determine if 000825's interest payments on its debt are well covered by EBIT.