Ningbo Zhoushan Port Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Zhoushan Port has a total shareholder equity of CN¥82.0B and total debt of CN¥9.7B, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are CN¥111.6B and CN¥29.6B respectively. Ningbo Zhoushan Port's EBIT is CN¥5.0B making its interest coverage ratio -3.8. It has cash and short-term investments of CN¥8.1B.
Key information
11.9%
Debt to equity ratio
CN¥9.74b
Debt
| Interest coverage ratio | -3.8x |
| Cash | CN¥8.06b |
| Equity | CN¥82.02b |
| Total liabilities | CN¥29.59b |
| Total assets | CN¥111.61b |
Recent financial health updates
Recent updates
We Think Ningbo Zhoushan Port (SHSE:601018) Can Stay On Top Of Its Debt
Jul 26
Investors Could Be Concerned With Ningbo Zhoushan Port's (SHSE:601018) Returns On Capital
Jul 05Insufficient Growth At Ningbo Zhoushan Port Company Limited (SHSE:601018) Hampers Share Price
Jun 13Ningbo Zhoushan Port's (SHSE:601018) Returns Have Hit A Wall
Mar 21Lacklustre Performance Is Driving Ningbo Zhoushan Port Company Limited's (SHSE:601018) Low P/E
Feb 28Financial Position Analysis
Short Term Liabilities: 601018's short term assets (CN¥18.1B) do not cover its short term liabilities (CN¥19.9B).
Long Term Liabilities: 601018's short term assets (CN¥18.1B) exceed its long term liabilities (CN¥9.6B).
Debt to Equity History and Analysis
Debt Level: 601018's net debt to equity ratio (2%) is considered satisfactory.
Reducing Debt: 601018's debt to equity ratio has reduced from 36.7% to 11.9% over the past 5 years.
Debt Coverage: 601018's debt is well covered by operating cash flow (79.2%).
Interest Coverage: 601018 earns more interest than it pays, so coverage of interest payments is not a concern.