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.