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.