COSCO SHIPPING Development Balance Sheet Health
Financial Health criteria checks 1/6
COSCO SHIPPING Development has a total shareholder equity of CN¥30.6B and total debt of CN¥86.0B, which brings its debt-to-equity ratio to 280.9%. Its total assets and total liabilities are CN¥123.1B and CN¥92.5B respectively. COSCO SHIPPING Development's EBIT is CN¥4.0B making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥10.9B.
Key information
280.9%
Debt to equity ratio
CN¥85.96b
Debt
| Interest coverage ratio | 1.8x |
| Cash | CN¥10.85b |
| Equity | CN¥30.60b |
| Total liabilities | CN¥92.51b |
| Total assets | CN¥123.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601866's short term assets (CN¥21.4B) do not cover its short term liabilities (CN¥29.9B).
Long Term Liabilities: 601866's short term assets (CN¥21.4B) do not cover its long term liabilities (CN¥62.6B).
Debt to Equity History and Analysis
Debt Level: 601866's net debt to equity ratio (245.5%) is considered high.
Reducing Debt: 601866's debt to equity ratio has reduced from 468.1% to 280.9% over the past 5 years.
Debt Coverage: 601866's debt is not well covered by operating cash flow (5%).
Interest Coverage: 601866's interest payments on its debt are not well covered by EBIT (1.8x coverage).