COFCO Capital Holdings Balance Sheet Health
Financial Health criteria checks 5/6
COFCO Capital Holdings has a total shareholder equity of CN¥26.1B and total debt of CN¥11.3B, which brings its debt-to-equity ratio to 43.2%. Its total assets and total liabilities are CN¥128.5B and CN¥102.4B respectively. COFCO Capital Holdings's EBIT is CN¥1.9B making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥40.9B.
Key information
43.2%
Debt to equity ratio
CN¥11.29b
Debt
| Interest coverage ratio | 3.2x |
| Cash | CN¥40.94b |
| Equity | CN¥26.13b |
| Total liabilities | CN¥102.36b |
| Total assets | CN¥128.49b |
Financial Position Analysis
Short Term Liabilities: 002423's short term assets (CN¥66.9B) exceed its short term liabilities (CN¥42.3B).
Long Term Liabilities: 002423's short term assets (CN¥66.9B) exceed its long term liabilities (CN¥60.1B).
Debt to Equity History and Analysis
Debt Level: 002423 has more cash than its total debt.
Reducing Debt: 002423's debt to equity ratio has increased from 19.6% to 43.2% over the past 5 years.
Debt Coverage: 002423's debt is well covered by operating cash flow (31.8%).
Interest Coverage: 002423's interest payments on its debt are well covered by EBIT (3.2x coverage).