Angang Steel Balance Sheet Health
Financial Health criteria checks 3/6
Angang Steel has a total shareholder equity of CN¥53.7B and total debt of CN¥6.8B, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are CN¥98.2B and CN¥44.5B respectively.
Key information
12.7%
Debt to equity ratio
CN¥6.83b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.11b |
| Equity | CN¥53.74b |
| Total liabilities | CN¥44.50b |
| Total assets | CN¥98.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000898's short term assets (CN¥28.1B) do not cover its short term liabilities (CN¥37.8B).
Long Term Liabilities: 000898's short term assets (CN¥28.1B) exceed its long term liabilities (CN¥6.7B).
Debt to Equity History and Analysis
Debt Level: 000898's net debt to equity ratio (6.9%) is considered satisfactory.
Reducing Debt: 000898's debt to equity ratio has reduced from 37% to 12.7% over the past 5 years.
Debt Coverage: 000898's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 000898's interest payments on its debt are well covered by EBIT.