Chongqing PortLtd Balance Sheet Health
Financial Health criteria checks 3/6
Chongqing PortLtd has a total shareholder equity of CN¥7.9B and total debt of CN¥3.7B, which brings its debt-to-equity ratio to 46.9%. Its total assets and total liabilities are CN¥13.0B and CN¥5.1B respectively. Chongqing PortLtd's EBIT is CN¥218.6M making its interest coverage ratio 2.2. It has cash and short-term investments of CN¥2.1B.
Key information
46.9%
Debt to equity ratio
CN¥3.70b
Debt
Interest coverage ratio | 2.2x |
Cash | CN¥2.11b |
Equity | CN¥7.89b |
Total liabilities | CN¥5.10b |
Total assets | CN¥12.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600279's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 600279's short term assets (CN¥3.7B) do not cover its long term liabilities (CN¥3.7B).
Debt to Equity History and Analysis
Debt Level: 600279's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: 600279's debt to equity ratio has reduced from 64% to 46.9% over the past 5 years.
Debt Coverage: 600279's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: 600279's interest payments on its debt are not well covered by EBIT (2.2x coverage).