Rizhao PortLtd Balance Sheet Health
Financial Health criteria checks 0/6
Rizhao PortLtd has a total shareholder equity of CN¥15.7B and total debt of CN¥14.4B, which brings its debt-to-equity ratio to 92.2%. Its total assets and total liabilities are CN¥39.1B and CN¥23.4B respectively. Rizhao PortLtd's EBIT is CN¥1.5B making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥1.6B.
Key information
92.2%
Debt to equity ratio
CN¥14.43b
Debt
Interest coverage ratio | 2.7x |
Cash | CN¥1.65b |
Equity | CN¥15.66b |
Total liabilities | CN¥23.45b |
Total assets | CN¥39.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600017's short term assets (CN¥3.3B) do not cover its short term liabilities (CN¥8.5B).
Long Term Liabilities: 600017's short term assets (CN¥3.3B) do not cover its long term liabilities (CN¥14.9B).
Debt to Equity History and Analysis
Debt Level: 600017's net debt to equity ratio (81.6%) is considered high.
Reducing Debt: 600017's debt to equity ratio has increased from 51.2% to 92.2% over the past 5 years.
Debt Coverage: 600017's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: 600017's interest payments on its debt are not well covered by EBIT (2.7x coverage).