Beijing Shougang Balance Sheet Health
Financial Health criteria checks 2/6
Beijing Shougang has a total shareholder equity of CN¥54.4B and total debt of CN¥38.3B, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are CN¥134.4B and CN¥80.0B respectively. Beijing Shougang's EBIT is CN¥1.1B making its interest coverage ratio 0.9. It has cash and short-term investments of CN¥5.3B.
Key information
70.4%
Debt to equity ratio
CN¥38.29b
Debt
| Interest coverage ratio | 0.9x |
| Cash | CN¥5.34b |
| Equity | CN¥54.38b |
| Total liabilities | CN¥79.98b |
| Total assets | CN¥134.36b |
Recent financial health updates
These 4 Measures Indicate That Beijing Shougang (SZSE:000959) Is Using Debt Extensively
Oct 23
Beijing Shougang (SZSE:000959) Takes On Some Risk With Its Use Of Debt
Jul 05Recent updates
These 4 Measures Indicate That Beijing Shougang (SZSE:000959) Is Using Debt Extensively
Oct 23Beijing Shougang Co., Ltd.'s (SZSE:000959) Low P/S No Reason For Excitement
Sep 22Beijing Shougang Co., Ltd.'s (SZSE:000959) Intrinsic Value Is Potentially 22% Below Its Share Price
Aug 01Beijing Shougang (SZSE:000959) Takes On Some Risk With Its Use Of Debt
Jul 05Beijing Shougang Co., Ltd.'s (SZSE:000959) Share Price Is Matching Sentiment Around Its Revenues
May 31Calculating The Intrinsic Value Of Beijing Shougang Co., Ltd. (SZSE:000959)
Feb 29Financial Position Analysis
Short Term Liabilities: 000959's short term assets (CN¥32.8B) do not cover its short term liabilities (CN¥61.8B).
Long Term Liabilities: 000959's short term assets (CN¥32.8B) exceed its long term liabilities (CN¥18.1B).
Debt to Equity History and Analysis
Debt Level: 000959's net debt to equity ratio (60.6%) is considered high.
Reducing Debt: 000959's debt to equity ratio has reduced from 163.4% to 70.4% over the past 5 years.
Debt Coverage: 000959's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: 000959's interest payments on its debt are not well covered by EBIT (0.9x coverage).