Qingdao East Steel Tower StockLtd Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao East Steel Tower StockLtd has a total shareholder equity of CN¥8.6B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are CN¥13.0B and CN¥4.4B respectively. Qingdao East Steel Tower StockLtd's EBIT is CN¥777.1M making its interest coverage ratio -28. It has cash and short-term investments of CN¥2.8B.
Key information
20.0%
Debt to equity ratio
CN¥1.71b
Debt
Interest coverage ratio | -28x |
Cash | CN¥2.77b |
Equity | CN¥8.58b |
Total liabilities | CN¥4.41b |
Total assets | CN¥12.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002545's short term assets (CN¥4.5B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 002545's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥1.7B).
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 increased from 15.9% to 20% over the past 5 years.
Debt Coverage: 002545's debt is well covered by operating cash flow (63.2%).
Interest Coverage: 002545 earns more interest than it pays, so coverage of interest payments is not a concern.