Angang Steel Balance Sheet Health
Financial Health criteria checks 4/6
Angang Steel has a total shareholder equity of CN¥55.4B and total debt of CN¥6.8B, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are CN¥97.0B and CN¥41.6B respectively.
Key information
12.3%
Debt to equity ratio
CN¥6.83b
Debt
Interest coverage ratio | n/a |
Cash | CN¥3.22b |
Equity | CN¥55.39b |
Total liabilities | CN¥41.62b |
Total assets | CN¥97.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GNV's short term assets (CN¥27.1B) do not cover its short term liabilities (CN¥35.2B).
Long Term Liabilities: GNV's short term assets (CN¥27.1B) exceed its long term liabilities (CN¥6.4B).
Debt to Equity History and Analysis
Debt Level: GNV's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: GNV's debt to equity ratio has reduced from 37.7% to 12.3% over the past 5 years.
Debt Coverage: GNV's debt is well covered by operating cash flow (23.1%).
Interest Coverage: Insufficient data to determine if GNV's interest payments on its debt are well covered by EBIT.