Guangdong Zhongnan Iron and Steel Balance Sheet Health
Financial Health criteria checks 3/6
Guangdong Zhongnan Iron and Steel has a total shareholder equity of CN¥8.8B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are CN¥20.9B and CN¥12.1B respectively.
Key information
31.9%
Debt to equity ratio
CN¥2.80b
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.09b |
Equity | CN¥8.80b |
Total liabilities | CN¥12.07b |
Total assets | CN¥20.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000717's short term assets (CN¥4.3B) do not cover its short term liabilities (CN¥9.4B).
Long Term Liabilities: 000717's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 000717's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: 000717's debt to equity ratio has reduced from 55.3% to 31.9% over the past 5 years.
Debt Coverage: 000717's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: Insufficient data to determine if 000717's interest payments on its debt are well covered by EBIT.