Jiangsu Shagang Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Shagang has a total shareholder equity of CN¥9.9B and total debt of CN¥7.9B, which brings its debt-to-equity ratio to 80.1%. Its total assets and total liabilities are CN¥21.7B and CN¥11.8B respectively. Jiangsu Shagang's EBIT is CN¥152.5M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥11.0B.
Key information
80.1%
Debt to equity ratio
CN¥7.95b
Debt
Interest coverage ratio | -0.6x |
Cash | CN¥11.03b |
Equity | CN¥9.92b |
Total liabilities | CN¥11.80b |
Total assets | CN¥21.72b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002075's short term assets (CN¥13.9B) exceed its short term liabilities (CN¥11.3B).
Long Term Liabilities: 002075's short term assets (CN¥13.9B) exceed its long term liabilities (CN¥537.9M).
Debt to Equity History and Analysis
Debt Level: 002075 has more cash than its total debt.
Reducing Debt: 002075's debt to equity ratio has increased from 1.4% to 80.1% over the past 5 years.
Debt Coverage: 002075's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002075 earns more interest than it pays, so coverage of interest payments is not a concern.