Jiangsu Changbao SteeltubeLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Changbao SteeltubeLtd has a total shareholder equity of CN¥5.6B and total debt of CN¥130.5M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are CN¥8.0B and CN¥2.4B respectively. Jiangsu Changbao SteeltubeLtd's EBIT is CN¥623.9M making its interest coverage ratio -9.1. It has cash and short-term investments of CN¥2.3B.
Key information
2.3%
Debt to equity ratio
CN¥130.53m
Debt
| Interest coverage ratio | -9.1x |
| Cash | CN¥2.32b |
| Equity | CN¥5.60b |
| Total liabilities | CN¥2.36b |
| Total assets | CN¥7.96b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002478's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 002478's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥82.0M).
Debt to Equity History and Analysis
Debt Level: 002478 has more cash than its total debt.
Reducing Debt: 002478's debt to equity ratio has reduced from 2.9% to 2.3% over the past 5 years.
Debt Coverage: 002478's debt is well covered by operating cash flow (74.1%).
Interest Coverage: 002478 earns more interest than it pays, so coverage of interest payments is not a concern.