Shanxi Taigang Stainless Steel Balance Sheet Health
Financial Health criteria checks 4/6
Shanxi Taigang Stainless Steel has a total shareholder equity of CN¥36.1B and total debt of CN¥9.8B, which brings its debt-to-equity ratio to 27.2%. Its total assets and total liabilities are CN¥68.9B and CN¥32.8B respectively.
Key information
27.2%
Debt to equity ratio
CN¥9.80b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥8.71b |
| Equity | CN¥36.08b |
| Total liabilities | CN¥32.79b |
| Total assets | CN¥68.87b |
Recent financial health updates
Recent updates
A Look At The Fair Value Of Shanxi Taigang Stainless Steel Co., Ltd. (SZSE:000825)
Jul 22
Little 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¥21.2B) do not cover its short term liabilities (CN¥23.4B).
Long Term Liabilities: 000825's short term assets (CN¥21.2B) exceed its long term liabilities (CN¥9.4B).
Debt to Equity History and Analysis
Debt Level: 000825's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: 000825's debt to equity ratio has reduced from 70.6% to 27.2% over the past 5 years.
Debt Coverage: 000825's debt is well covered by operating cash flow (26.3%).
Interest Coverage: Insufficient data to determine if 000825's interest payments on its debt are well covered by EBIT.