Sinosteel New Materials Balance Sheet Health
Financial Health criteria checks 6/6
Sinosteel New Materials has a total shareholder equity of CN¥3.5B and total debt of CN¥358.0M, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are CN¥5.1B and CN¥1.6B respectively. Sinosteel New Materials's EBIT is CN¥203.1M making its interest coverage ratio 28.5. It has cash and short-term investments of CN¥1.2B.
Key information
10.1%
Debt to equity ratio
CN¥358.04m
Debt
| Interest coverage ratio | 28.5x |
| Cash | CN¥1.24b |
| Equity | CN¥3.54b |
| Total liabilities | CN¥1.61b |
| Total assets | CN¥5.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002057's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002057's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥205.9M).
Debt to Equity History and Analysis
Debt Level: 002057 has more cash than its total debt.
Reducing Debt: 002057's debt to equity ratio has reduced from 10.6% to 10.1% over the past 5 years.
Debt Coverage: 002057's debt is well covered by operating cash flow (120.6%).
Interest Coverage: 002057's interest payments on its debt are well covered by EBIT (28.5x coverage).