Jiangsu Changbao SteeltubeLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Changbao SteeltubeLtd has a total shareholder equity of CN¥5.6B and total debt of CN¥421.2M, which brings its debt-to-equity ratio to 7.5%. Its total assets and total liabilities are CN¥7.8B and CN¥2.2B respectively. Jiangsu Changbao SteeltubeLtd's EBIT is CN¥540.1M making its interest coverage ratio -8.8. It has cash and short-term investments of CN¥2.3B.
Key information
7.5%
Debt to equity ratio
CN¥421.21m
Debt
| Interest coverage ratio | -8.8x |
| Cash | CN¥2.27b |
| Equity | CN¥5.63b |
| Total liabilities | CN¥2.20b |
| Total assets | CN¥7.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002478's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 002478's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥80.5M).
Debt to Equity History and Analysis
Debt Level: 002478 has more cash than its total debt.
Reducing Debt: 002478's debt to equity ratio has increased from 3.7% to 7.5% over the past 5 years.
Debt Coverage: 002478's debt is well covered by operating cash flow (93.9%).
Interest Coverage: 002478 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 18:14 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Jiangsu Changbao Steeltube Co.,Ltd is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yuanrui Liu | Changjiang Securities Co. LTD. |
| Shi Bao Zhang | China Merchants Securities Co. Ltd. |
| Kai Wang | Everbright Securities Co. Ltd. |