China Merchants Energy Shipping Balance Sheet Health
Financial Health criteria checks 3/6
China Merchants Energy Shipping has a total shareholder equity of CN¥38.1B and total debt of CN¥22.3B, which brings its debt-to-equity ratio to 58.5%. Its total assets and total liabilities are CN¥65.9B and CN¥27.8B respectively. China Merchants Energy Shipping's EBIT is CN¥5.8B making its interest coverage ratio 5.3. It has cash and short-term investments of CN¥4.0B.
Key information
58.5%
Debt to equity ratio
CN¥22.29b
Debt
| Interest coverage ratio | 5.3x |
| Cash | CN¥4.03b |
| Equity | CN¥38.09b |
| Total liabilities | CN¥27.83b |
| Total assets | CN¥65.91b |
Recent financial health updates
Recent updates
Is There An Opportunity With China Merchants Energy Shipping Co., Ltd.'s (SHSE:601872) 38% Undervaluation?
Nov 19
China Merchants Energy Shipping (SHSE:601872) Is Experiencing Growth In Returns On Capital
Oct 28China Merchants Energy Shipping (SHSE:601872) Has A Pretty Healthy Balance Sheet
Sep 20Insufficient Growth At China Merchants Energy Shipping Co., Ltd. (SHSE:601872) Hampers Share Price
Aug 07China Merchants Energy Shipping (SHSE:601872) Might Have The Makings Of A Multi-Bagger
Jul 15Is There An Opportunity With China Merchants Energy Shipping Co., Ltd.'s (SHSE:601872) 27% Undervaluation?
Jun 09Returns On Capital Are Showing Encouraging Signs At China Merchants Energy Shipping (SHSE:601872)
Apr 15Investors Aren't Entirely Convinced By China Merchants Energy Shipping Co., Ltd.'s (SHSE:601872) Earnings
Feb 27Financial Position Analysis
Short Term Liabilities: 601872's short term assets (CN¥9.5B) do not cover its short term liabilities (CN¥16.5B).
Long Term Liabilities: 601872's short term assets (CN¥9.5B) do not cover its long term liabilities (CN¥11.3B).
Debt to Equity History and Analysis
Debt Level: 601872's net debt to equity ratio (48%) is considered high.
Reducing Debt: 601872's debt to equity ratio has reduced from 134.7% to 58.5% over the past 5 years.
Debt Coverage: 601872's debt is well covered by operating cash flow (38.8%).
Interest Coverage: 601872's interest payments on its debt are well covered by EBIT (5.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 12:53 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
China Merchants Energy Shipping Co., Ltd. is covered by 23 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yanli Qi | Bohai Securities Co., Ltd. |
| Yichao Han | Changjiang Securities Co. LTD. |
| Hongwei Huang | Chasing Securities |