China Merchants Energy Shipping Balance Sheet Health
Financial Health criteria checks 4/6
China Merchants Energy Shipping has a total shareholder equity of CN¥39.1B and total debt of CN¥19.1B, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are CN¥63.6B and CN¥24.5B respectively. China Merchants Energy Shipping's EBIT is CN¥5.8B making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥4.7B.
Key information
48.9%
Debt to equity ratio
CN¥19.12b
Debt
Interest coverage ratio | 5.4x |
Cash | CN¥4.66b |
Equity | CN¥39.09b |
Total liabilities | CN¥24.49b |
Total assets | CN¥63.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601872's short term assets (CN¥11.4B) do not cover its short term liabilities (CN¥12.2B).
Long Term Liabilities: 601872's short term assets (CN¥11.4B) do not cover its long term liabilities (CN¥12.3B).
Debt to Equity History and Analysis
Debt Level: 601872's net debt to equity ratio (37%) is considered satisfactory.
Reducing Debt: 601872's debt to equity ratio has reduced from 131.3% to 48.9% over the past 5 years.
Debt Coverage: 601872's debt is well covered by operating cash flow (44.4%).
Interest Coverage: 601872's interest payments on its debt are well covered by EBIT (5.4x coverage).