Sinosteel New Materials Balance Sheet Health
Financial Health criteria checks 5/6
Sinosteel New Materials has a total shareholder equity of CN¥3.6B and total debt of CN¥389.5M, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are CN¥5.3B and CN¥1.8B respectively. Sinosteel New Materials's EBIT is CN¥361.3M making its interest coverage ratio 35.5. It has cash and short-term investments of CN¥1.3B.
Key information
11.0%
Debt to equity ratio
CN¥389.52m
Debt
Interest coverage ratio | 35.5x |
Cash | CN¥1.26b |
Equity | CN¥3.56b |
Total liabilities | CN¥1.77b |
Total assets | CN¥5.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002057's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 002057's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥191.7M).
Debt to Equity History and Analysis
Debt Level: 002057 has more cash than its total debt.
Reducing Debt: 002057's debt to equity ratio has increased from 4.9% to 11% over the past 5 years.
Debt Coverage: 002057's debt is well covered by operating cash flow (33.9%).
Interest Coverage: 002057's interest payments on its debt are well covered by EBIT (35.5x coverage).