Citic Pacific Special Steel Group Co., Ltd
XSEC:000708 Stock Report
Citic Pacific Special Steel Group Balance Sheet Health
Financial Health criteria checks 4/6 Citic Pacific Special Steel Group has a total shareholder equity of CN¥42.6B and total debt of CN¥38.4B, which brings its debt-to-equity ratio to 90.2%. Its total assets and total liabilities are CN¥113.0B and CN¥70.4B respectively. Citic Pacific Special Steel Group's EBIT is CN¥6.3B making its interest coverage ratio 8.9. It has cash and short-term investments of CN¥6.5B.
Key information
90.2%
Debt to equity ratio
Interest coverage ratio 8.9x Cash CN¥6.48b Equity CN¥42.61b Total liabilities CN¥70.43b Total assets CN¥113.04b
Recent financial health updates
Show all updates
Third quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.27 in 3Q 2023) Oct 26
Citic Pacific Special Steel Group Co., Ltd to Report Q3, 2024 Results on Oct 26, 2024 Sep 30
Investor sentiment improves as stock rises 19% Sep 28
Second quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.31 in 2Q 2023) Aug 20
Citic Pacific Special Steel Group Co., Ltd to Report First Half, 2024 Results on Aug 20, 2024 Jun 29
Upcoming dividend of CN¥0.56 per share May 03
Citic Pacific Special Steel Group Co., Ltd Announces Final Profit Distribution Plan on A Shares for the Year 2023, Payable on 10 May 2024 May 02
First quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.29 in 1Q 2023) Apr 23
Citic Pacific Special Steel Group Co., Ltd to Report Q1, 2024 Results on Apr 23, 2024 Mar 30 Citic Pacific Special Steel Group Co., Ltd, Annual General Meeting, Apr 10, 2024
Citic Pacific Special Steel Group Co., Ltd, Annual General Meeting, Apr 10, 2024 Mar 13
Full year 2023 earnings released: EPS: CN¥1.13 (vs CN¥1.41 in FY 2022) Mar 13
Citic Pacific Special Steel Group Co., Ltd to Report Fiscal Year 2023 Results on Mar 09, 2024 Dec 30
Third quarter 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.35 in 3Q 2022) Nov 01
High number of new directors Sep 27
Second quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.36 in 2Q 2022) Aug 19
Citic Pacific Special Steel Group Co., Ltd to Report First Half, 2023 Results on Aug 19, 2023 Jul 01
Citic Pacific Special Steel Group Co., Ltd Approves Board Elections May 10
Insufficient new directors May 02
Full year 2022 earnings released: EPS: CN¥1.41 (vs CN¥1.58 in FY 2021) Mar 18
High number of new directors Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.37 in 3Q 2021) Oct 27
Second quarter 2022 earnings released: EPS: CN¥0.36 (vs CN¥0.45 in 2Q 2021) Aug 17
High number of new and inexperienced directors Apr 27
Citic Pacific Special Steel Group Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on April 13, 2022 Apr 07
Citic Pacific Special Steel Group Co., Ltd. Approves Final Cash Dividend for the Year 2021 Apr 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Mar 11
Investor sentiment improved over the past week Feb 12
Third quarter 2021 earnings released: EPS CN¥0.37 (vs CN¥0.32 in 3Q 2020) Oct 12
Second quarter 2021 earnings released: EPS CN¥0.45 (vs CN¥0.29 in 2Q 2020) Aug 19
Investor sentiment improved over the past week Aug 10
First quarter 2021 earnings released: EPS CN¥0.38 (vs CN¥0.26 in 1Q 2020) Apr 28
Citic Pacific Special Steel Group Co., Ltd., Annual General Meeting, Mar 22, 2021 Mar 03
Full year 2020 earnings released: EPS CN¥1.19 (vs CN¥1.07 in FY 2019) Mar 02
Revenue misses expectations Mar 02
Investor sentiment deteriorated over the past week Mar 01
New 90-day high: CN¥35.42 Feb 20
Full year 2020 earnings released: EPS CN¥1.19 (vs CN¥1.07 in FY 2019) Feb 06
Revenue misses expectations Feb 06
Investor sentiment improved over the past week Feb 04
New 90-day high: CN¥27.62 Jan 26
Citic Pacific Special Steel Group Co., Ltd. to Report Fiscal Year 2020 Results on Mar 02, 2021 Jan 22
Investor sentiment improved over the past week Jan 07
New 90-day high: CN¥23.20 Jan 04
New 90-day high: CN¥21.60 Dec 19
New 90-day high: CN¥19.36 Nov 12
New 90-day low: CN¥16.34 Oct 26
Third quarter earnings released Oct 17
Citic Pacific Special Steel Group Co., Ltd. to Report Q3, 2020 Results on Oct 17, 2020 Oct 16
New 90-day low: CN¥16.81 Sep 22
Earnings released Aug 19
Citic Pacific Special Steel Group Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Jul 23
Financial Position Analysis
Short Term Liabilities: 000708's short term assets (CN¥49.2B) exceed its short term liabilities (CN¥45.1B).
Long Term Liabilities: 000708's short term assets (CN¥49.2B) exceed its long term liabilities (CN¥25.3B).
Debt to Equity History and Analysis
Debt Level: 000708's net debt to equity ratio (75%) is considered high .
Reducing Debt: 000708's debt to equity ratio has increased from 33.3% to 90.2% over the past 5 years.
Debt Coverage: 000708's debt is well covered by operating cash flow (24.1%).
Interest Coverage: 000708's interest payments on its debt are well covered by EBIT (8.9x coverage).
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