Xiwang Special Steel Balance Sheet Health
Financial Health criteria checks 1/6
Xiwang Special Steel has a total shareholder equity of CN¥4.5B and total debt of CN¥4.5B, which brings its debt-to-equity ratio to 100.4%. Its total assets and total liabilities are CN¥15.1B and CN¥10.6B respectively.
Key information
100.4%
Debt to equity ratio
CN¥4.48b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥405.05m |
| Equity | CN¥4.46b |
| Total liabilities | CN¥10.61b |
| Total assets | CN¥15.07b |
Recent financial health updates
Does Xiwang Special Steel (HKG:1266) Have A Healthy Balance Sheet?
Apr 13
Xiwang Special Steel (HKG:1266) Has A Somewhat Strained Balance Sheet
Sep 13Health Check: How Prudently Does Xiwang Special Steel (HKG:1266) Use Debt?
Nov 18Recent updates
Xiwang Special Steel (HKG:1266) Will Be Looking To Turn Around Its Returns
May 11Does Xiwang Special Steel (HKG:1266) Have A Healthy Balance Sheet?
Apr 13Investors Will Want Xiwang Special Steel's (HKG:1266) Growth In ROCE To Persist
Nov 30Xiwang Special Steel (HKG:1266) Has A Somewhat Strained Balance Sheet
Sep 13Returns On Capital At Xiwang Special Steel (HKG:1266) Paint A Concerning Picture
Aug 03Xiwang Special Steel Company Limited's (HKG:1266) CEO Compensation Looks Acceptable To Us And Here's Why
May 14Xiwang Special Steel (HKG:1266) Will Will Want To Turn Around Its Return Trends
Apr 02Reflecting on Xiwang Special Steel's (HKG:1266) Share Price Returns Over The Last Three Years
Dec 23Health Check: How Prudently Does Xiwang Special Steel (HKG:1266) Use Debt?
Nov 18Financial Position Analysis
Short Term Liabilities: 1266's short term assets (CN¥2.9B) do not cover its short term liabilities (CN¥9.5B).
Long Term Liabilities: 1266's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 1266's net debt to equity ratio (91.3%) is considered high.
Reducing Debt: 1266's debt to equity ratio has increased from 83.8% to 100.4% over the past 5 years.
Debt Coverage: 1266's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 1266's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/11/28 08:51 |
| End of Day Share Price | 2023/08/31 00:00 |
| Earnings | 2022/12/31 |
| Annual Earnings | 2022/12/31 |
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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Industry and Sector Metrics
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Analyst Sources
Xiwang Special Steel Company Limited is covered by 1 analysts. 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 |
|---|---|
| Felix Lam | CCB International Securities Limited |