COSCO SHIPPING Specialized CarriersLtd Balance Sheet Health
Financial Health criteria checks 3/6
COSCO SHIPPING Specialized CarriersLtd has a total shareholder equity of CN¥12.0B and total debt of CN¥7.4B, which brings its debt-to-equity ratio to 62.1%. Its total assets and total liabilities are CN¥28.0B and CN¥16.1B respectively. COSCO SHIPPING Specialized CarriersLtd's EBIT is CN¥1.1B making its interest coverage ratio 4.4. It has cash and short-term investments of CN¥1.3B.
Key information
62.1%
Debt to equity ratio
CN¥7.43b
Debt
Interest coverage ratio | 4.4x |
Cash | CN¥1.34b |
Equity | CN¥11.97b |
Total liabilities | CN¥16.07b |
Total assets | CN¥28.04b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600428's short term assets (CN¥5.0B) do not cover its short term liabilities (CN¥5.6B).
Long Term Liabilities: 600428's short term assets (CN¥5.0B) do not cover its long term liabilities (CN¥10.4B).
Debt to Equity History and Analysis
Debt Level: 600428's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: 600428's debt to equity ratio has reduced from 79.8% to 62.1% over the past 5 years.
Debt Coverage: 600428's debt is well covered by operating cash flow (41.8%).
Interest Coverage: 600428's interest payments on its debt are well covered by EBIT (4.4x coverage).