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.