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
Recent updates
Here's Why Sinosteel New Materials (SZSE:002057) Can Manage Its Debt Responsibly
Dec 18
Earnings Working Against Sinosteel New Materials Co., Ltd.'s (SZSE:002057) Share Price
Oct 17Estimating The Intrinsic Value Of Sinosteel New Materials Co., Ltd. (SZSE:002057)
Sep 30Investors Don't See Light At End Of Sinosteel New Materials Co., Ltd.'s (SZSE:002057) Tunnel
Mar 27Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 05:54 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Sinosteel New Materials Co., Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zhiqiang Ren | Industrial Securities Co. Ltd. |