Qingdao East Steel Tower StockLtd Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao East Steel Tower StockLtd has a total shareholder equity of CN¥8.8B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are CN¥13.2B and CN¥4.4B respectively. Qingdao East Steel Tower StockLtd's EBIT is CN¥734.2M making its interest coverage ratio -23.4. It has cash and short-term investments of CN¥2.6B.
Key information
19.4%
Debt to equity ratio
CN¥1.70b
Debt
Interest coverage ratio | -23.4x |
Cash | CN¥2.64b |
Equity | CN¥8.78b |
Total liabilities | CN¥4.39b |
Total assets | CN¥13.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002545's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 002545's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 002545 has more cash than its total debt.
Reducing Debt: 002545's debt to equity ratio has increased from 17.9% to 19.4% over the past 5 years.
Debt Coverage: 002545's debt is well covered by operating cash flow (72.2%).
Interest Coverage: 002545 earns more interest than it pays, so coverage of interest payments is not a concern.