Beijing Shougang Balance Sheet Health
Financial Health criteria checks 2/6
Beijing Shougang has a total shareholder equity of CN¥54.3B and total debt of CN¥39.0B, which brings its debt-to-equity ratio to 71.8%. Its total assets and total liabilities are CN¥137.3B and CN¥83.0B respectively. Beijing Shougang's EBIT is CN¥2.3B making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥6.1B.
Key information
71.8%
Debt to equity ratio
CN¥38.99b
Debt
Interest coverage ratio | 1.7x |
Cash | CN¥6.06b |
Equity | CN¥54.33b |
Total liabilities | CN¥82.99b |
Total assets | CN¥137.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000959's short term assets (CN¥33.4B) do not cover its short term liabilities (CN¥65.0B).
Long Term Liabilities: 000959's short term assets (CN¥33.4B) exceed its long term liabilities (CN¥18.0B).
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 158.3% to 71.8% over the past 5 years.
Debt Coverage: 000959's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: 000959's interest payments on its debt are not well covered by EBIT (1.7x coverage).