China Steel Corporation

TWSE:2002 Stock Report

Market Cap: NT$363.9b

China Steel Balance Sheet Health

Financial Health criteria checks 3/6

China Steel has a total shareholder equity of NT$347.0B and total debt of NT$259.6B, which brings its debt-to-equity ratio to 74.8%. Its total assets and total liabilities are NT$692.6B and NT$345.6B respectively. China Steel's EBIT is NT$4.3B making its interest coverage ratio 11.9. It has cash and short-term investments of NT$40.6B.

Key information

74.8%

Debt to equity ratio

NT$259.58b

Debt

Interest coverage ratio11.9x
CashNT$40.57b
EquityNT$347.01b
Total liabilitiesNT$345.63b
Total assetsNT$692.65b

Recent financial health updates

We Think China Steel (TWSE:2002) Has A Fair Chunk Of Debt

Feb 29
We Think China Steel (TWSE:2002) Has A Fair Chunk Of Debt

We Think China Steel (TPE:2002) Is Taking Some Risk With Its Debt

Mar 12
We Think China Steel (TPE:2002) Is Taking Some Risk With Its Debt

Recent updates

Pinning Down China Steel Corporation's (TWSE:2002) P/S Is Difficult Right Now

May 02
Pinning Down China Steel Corporation's (TWSE:2002) P/S Is Difficult Right Now

China Steel (TWSE:2002) Could Be Struggling To Allocate Capital

Apr 13
China Steel (TWSE:2002) Could Be Struggling To Allocate Capital

We Think China Steel (TWSE:2002) Has A Fair Chunk Of Debt

Feb 29
We Think China Steel (TWSE:2002) Has A Fair Chunk Of Debt

We Think China Steel (TPE:2002) Is Taking Some Risk With Its Debt

Mar 12
We Think China Steel (TPE:2002) Is Taking Some Risk With Its Debt

Do Investors Have Good Reason To Be Wary Of China Steel Corporation's (TPE:2002) 2.0% Dividend Yield?

Feb 22
Do Investors Have Good Reason To Be Wary Of China Steel Corporation's (TPE:2002) 2.0% Dividend Yield?

Calculating The Intrinsic Value Of China Steel Corporation (TPE:2002)

Jan 23
Calculating The Intrinsic Value Of China Steel Corporation (TPE:2002)

Did You Participate In Any Of China Steel's (TPE:2002) Respectable 63% Return?

Dec 28
Did You Participate In Any Of China Steel's (TPE:2002) Respectable 63% Return?

Are Dividend Investors Making A Mistake With China Steel Corporation (TPE:2002)?

Nov 23
Are Dividend Investors Making A Mistake With China Steel Corporation (TPE:2002)?

Financial Position Analysis

Short Term Liabilities: 2002's short term assets (NT$205.2B) exceed its short term liabilities (NT$173.2B).

Long Term Liabilities: 2002's short term assets (NT$205.2B) exceed its long term liabilities (NT$172.4B).

Debt to Equity History and Analysis

Debt Level: 2002's net debt to equity ratio (63.1%) is considered high.

Reducing Debt: 2002's debt to equity ratio has increased from 67.2% to 74.8% over the past 5 years.

Debt Coverage: 2002's debt is not well covered by operating cash flow (13.4%).

Interest Coverage: 2002's interest payments on its debt are well covered by EBIT (11.9x coverage).

Balance Sheet

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