Angang Steel Balance Sheet Health
Financial Health criteria checks 3/6
Angang Steel has a total shareholder equity of CN¥50.6B and total debt of CN¥8.6B, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are CN¥98.9B and CN¥48.3B respectively.
Key information
17.1%
Debt to equity ratio
CN¥8.65b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.11b |
| Equity | CN¥50.63b |
| Total liabilities | CN¥48.27b |
| Total assets | CN¥98.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ANGG.F's short term assets (CN¥27.6B) do not cover its short term liabilities (CN¥38.9B).
Long Term Liabilities: ANGG.F's short term assets (CN¥27.6B) exceed its long term liabilities (CN¥9.4B).
Debt to Equity History and Analysis
Debt Level: ANGG.F's net debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: ANGG.F's debt to equity ratio has reduced from 37.9% to 17.1% over the past 5 years.
Debt Coverage: ANGG.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ANGG.F's interest payments on its debt are well covered by EBIT.