COSCO SHIPPING Energy Transportation Balance Sheet Health
Financial Health criteria checks 4/6
COSCO SHIPPING Energy Transportation has a total shareholder equity of CN¥38.8B and total debt of CN¥29.0B, which brings its debt-to-equity ratio to 74.7%. Its total assets and total liabilities are CN¥75.2B and CN¥36.4B respectively. COSCO SHIPPING Energy Transportation's EBIT is CN¥5.2B making its interest coverage ratio -128.7. It has cash and short-term investments of CN¥4.3B.
Key information
74.7%
Debt to equity ratio
CN¥29.01b
Debt
| Interest coverage ratio | -128.7x |
| Cash | CN¥4.32b |
| Equity | CN¥38.82b |
| Total liabilities | CN¥36.37b |
| Total assets | CN¥75.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600026's short term assets (CN¥8.8B) exceed its short term liabilities (CN¥8.1B).
Long Term Liabilities: 600026's short term assets (CN¥8.8B) do not cover its long term liabilities (CN¥28.3B).
Debt to Equity History and Analysis
Debt Level: 600026's net debt to equity ratio (63.6%) is considered high.
Reducing Debt: 600026's debt to equity ratio has reduced from 104.4% to 74.7% over the past 5 years.
Debt Coverage: 600026's debt is well covered by operating cash flow (27.7%).
Interest Coverage: 600026 earns more interest than it pays, so coverage of interest payments is not a concern.