Fushun Special SteelLTD Balance Sheet Health
Financial Health criteria checks 5/6
Fushun Special SteelLTD has a total shareholder equity of CN¥6.5B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 47%. Its total assets and total liabilities are CN¥12.7B and CN¥6.2B respectively. Fushun Special SteelLTD's EBIT is CN¥456.5M making its interest coverage ratio 18.6. It has cash and short-term investments of CN¥1.4B.
Key information
47.0%
Debt to equity ratio
CN¥3.07b
Debt
| Interest coverage ratio | 18.6x |
| Cash | CN¥1.40b |
| Equity | CN¥6.54b |
| Total liabilities | CN¥6.20b |
| Total assets | CN¥12.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600399's short term assets (CN¥6.3B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 600399's short term assets (CN¥6.3B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 600399's net debt to equity ratio (25.6%) is considered satisfactory.
Reducing Debt: 600399's debt to equity ratio has reduced from 57.9% to 47% over the past 5 years.
Debt Coverage: 600399's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600399's interest payments on its debt are well covered by EBIT (18.6x coverage).