Ningbo Ocean Shipping Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Ocean Shipping has a total shareholder equity of CN¥5.5B and total debt of CN¥857.0M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are CN¥8.1B and CN¥2.5B respectively. Ningbo Ocean Shipping's EBIT is CN¥585.1M making its interest coverage ratio -20.2. It has cash and short-term investments of CN¥1.5B.
Key information
15.5%
Debt to equity ratio
CN¥856.96m
Debt
| Interest coverage ratio | -20.2x |
| Cash | CN¥1.49b |
| Equity | CN¥5.54b |
| Total liabilities | CN¥2.52b |
| Total assets | CN¥8.05b |
Recent financial health updates
Ningbo Ocean Shipping (SHSE:601022) Takes On Some Risk With Its Use Of Debt
Aug 20
Is Ningbo Ocean Shipping (SHSE:601022) Using Too Much Debt?
Feb 26Recent updates
Ningbo Ocean Shipping (SHSE:601022) Takes On Some Risk With Its Use Of Debt
Aug 20Some Investors May Be Worried About Ningbo Ocean Shipping's (SHSE:601022) Returns On Capital
Jun 03Ningbo Ocean Shipping's (SHSE:601022) Weak Earnings May Only Reveal A Part Of The Whole Picture
Apr 02Is Ningbo Ocean Shipping (SHSE:601022) Using Too Much Debt?
Feb 26Financial Position Analysis
Short Term Liabilities: 601022's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 601022's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥621.2M).
Debt to Equity History and Analysis
Debt Level: 601022 has more cash than its total debt.
Reducing Debt: 601022's debt to equity ratio has reduced from 55.3% to 15.5% over the past 5 years.
Debt Coverage: 601022's debt is well covered by operating cash flow (101.6%).
Interest Coverage: 601022 earns more interest than it pays, so coverage of interest payments is not a concern.