China Shipbuilding Industry Balance Sheet Health
Financial Health criteria checks 5/6
China Shipbuilding Industry has a total shareholder equity of CN¥84.9B and total debt of CN¥28.2B, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are CN¥216.3B and CN¥131.4B respectively.
Key information
33.2%
Debt to equity ratio
CN¥28.17b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥78.76b |
| Equity | CN¥84.87b |
| Total liabilities | CN¥131.43b |
| Total assets | CN¥216.30b |
Recent financial health updates
Recent updates
China Shipbuilding Industry Company Limited's (SHSE:601989) Price Is Out Of Tune With Revenues
Aug 26
Health Check: How Prudently Does China Shipbuilding Industry (SHSE:601989) Use Debt?
May 26Risks To Shareholder Returns Are Elevated At These Prices For China Shipbuilding Industry Company Limited (SHSE:601989)
Apr 29Financial Position Analysis
Short Term Liabilities: 601989's short term assets (CN¥154.8B) exceed its short term liabilities (CN¥105.5B).
Long Term Liabilities: 601989's short term assets (CN¥154.8B) exceed its long term liabilities (CN¥25.9B).
Debt to Equity History and Analysis
Debt Level: 601989 has more cash than its total debt.
Reducing Debt: 601989's debt to equity ratio has reduced from 35.9% to 33.2% over the past 5 years.
Debt Coverage: 601989's debt is well covered by operating cash flow (25.2%).
Interest Coverage: Insufficient data to determine if 601989's interest payments on its debt are well covered by EBIT.