China Merchants Shekou Industrial Zone Holdings Balance Sheet Health
Financial Health criteria checks 4/6
China Merchants Shekou Industrial Zone Holdings has a total shareholder equity of CN¥296.7B and total debt of CN¥241.0B, which brings its debt-to-equity ratio to 81.2%. Its total assets and total liabilities are CN¥908.5B and CN¥611.8B respectively. China Merchants Shekou Industrial Zone Holdings's EBIT is CN¥13.8B making its interest coverage ratio -6.8. It has cash and short-term investments of CN¥88.9B.
Key information
81.2%
Debt to equity ratio
CN¥241.02b
Debt
Interest coverage ratio | -6.8x |
Cash | CN¥88.93b |
Equity | CN¥296.69b |
Total liabilities | CN¥611.82b |
Total assets | CN¥908.51b |
Recent financial health updates
Recent updates
China Merchants Shekou Industrial Zone Holdings Co., Ltd. (SZSE:001979) Looks Inexpensive But Perhaps Not Attractive Enough
Apr 30China Merchants Shekou Industrial Zone Holdings' (SZSE:001979) Profits May Not Reveal Underlying Issues
Mar 25China Merchants Shekou Industrial Zone Holdings (SZSE:001979) Has A Somewhat Strained Balance Sheet
Feb 28Financial Position Analysis
Short Term Liabilities: 001979's short term assets (CN¥664.0B) exceed its short term liabilities (CN¥426.0B).
Long Term Liabilities: 001979's short term assets (CN¥664.0B) exceed its long term liabilities (CN¥185.8B).
Debt to Equity History and Analysis
Debt Level: 001979's net debt to equity ratio (51.3%) is considered high.
Reducing Debt: 001979's debt to equity ratio has reduced from 111.7% to 81.2% over the past 5 years.
Debt Coverage: 001979's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: 001979 earns more interest than it pays, so coverage of interest payments is not a concern.