Fangda Special Steel Technology Balance Sheet Health
Financial Health criteria checks 6/6
Fangda Special Steel Technology has a total shareholder equity of CN¥9.7B and total debt of CN¥322.8M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are CN¥22.5B and CN¥12.8B respectively. Fangda Special Steel Technology's EBIT is CN¥798.0M making its interest coverage ratio -7.3. It has cash and short-term investments of CN¥9.3B.
Key information
3.3%
Debt to equity ratio
CN¥322.76m
Debt
| Interest coverage ratio | -7.3x |
| Cash | CN¥9.33b |
| Equity | CN¥9.70b |
| Total liabilities | CN¥12.84b |
| Total assets | CN¥22.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600507's short term assets (CN¥13.5B) exceed its short term liabilities (CN¥12.1B).
Long Term Liabilities: 600507's short term assets (CN¥13.5B) exceed its long term liabilities (CN¥760.0M).
Debt to Equity History and Analysis
Debt Level: 600507 has more cash than its total debt.
Reducing Debt: 600507's debt to equity ratio has reduced from 12.1% to 3.3% over the past 5 years.
Debt Coverage: 600507's debt is well covered by operating cash flow (366.1%).
Interest Coverage: 600507 earns more interest than it pays, so coverage of interest payments is not a concern.