XinJiang Ba Yi Iron & SteelLtd Balance Sheet Health
Financial Health criteria checks 3/6
XinJiang Ba Yi Iron & SteelLtd has a total shareholder equity of CN¥424.1M and total debt of CN¥6.9B, which brings its debt-to-equity ratio to 1615.8%. Its total assets and total liabilities are CN¥30.5B and CN¥30.1B respectively.
Key information
1,615.8%
Debt to equity ratio
CN¥6.85b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.82b |
| Equity | CN¥424.12m |
| Total liabilities | CN¥30.09b |
| Total assets | CN¥30.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600581's short term assets (CN¥7.7B) do not cover its short term liabilities (CN¥25.1B).
Long Term Liabilities: 600581's short term assets (CN¥7.7B) exceed its long term liabilities (CN¥5.0B).
Debt to Equity History and Analysis
Debt Level: 600581's net debt to equity ratio (1187.7%) is considered high.
Reducing Debt: 600581's debt to equity ratio has increased from 139.4% to 1615.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 600581 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600581 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 34.6% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 08:50 |
| 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
XinJiang Ba Yi Iron & Steel Co.,Ltd. is covered by 18 analysts. 0 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. |
| null RESEARCH DEPARTMENT | China Merchants Securities Co. Ltd. |
| Xizeng ZHOU | Citic Securities Co., Ltd. |