Qingdao East Steel Tower StockLtd Balance Sheet Health
Financial Health criteria checks 6/6
Qingdao East Steel Tower StockLtd has a total shareholder equity of CN¥8.7B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are CN¥13.1B and CN¥4.3B respectively. Qingdao East Steel Tower StockLtd's EBIT is CN¥685.9M making its interest coverage ratio -127.3. It has cash and short-term investments of CN¥2.7B.
Key information
14.7%
Debt to equity ratio
CN¥1.29b
Debt
| Interest coverage ratio | -127.3x |
| Cash | CN¥2.71b |
| Equity | CN¥8.75b |
| Total liabilities | CN¥4.33b |
| Total assets | CN¥13.07b |
Recent financial health updates
Recent updates
Not Many Are Piling Into Qingdao East Steel Tower Stock Co.Ltd (SZSE:002545) Just Yet
Oct 13
Qingdao East Steel Tower StockLtd (SZSE:002545) Is Experiencing Growth In Returns On Capital
Jul 01Qingdao East Steel Tower StockLtd (SZSE:002545) Has A Pretty Healthy Balance Sheet
May 10Qingdao East Steel Tower Stock Co.Ltd's (SZSE:002545) Intrinsic Value Is Potentially 41% Above Its Share Price
Mar 04Financial Position Analysis
Short Term Liabilities: 002545's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 002545's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 002545 has more cash than its total debt.
Reducing Debt: 002545's debt to equity ratio has reduced from 16.3% to 14.7% over the past 5 years.
Debt Coverage: 002545's debt is well covered by operating cash flow (59.3%).
Interest Coverage: 002545 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 10:36 |
| End of Day Share Price | 2024/12/26 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
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Analyst Sources
Qingdao East Steel Tower Stock Co.Ltd is covered by 3 analysts. 2 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 |
|---|---|
| Chao Fan | Changjiang Securities Co. LTD. |
| Zhe Wang | Citic Securities Co., Ltd. |
| Nai Di Zhao | Everbright Securities Co. Ltd. |