Xiamen Port Development Balance Sheet Health
Financial Health criteria checks 3/6
Xiamen Port Development has a total shareholder equity of CN¥6.4B and total debt of CN¥4.5B, which brings its debt-to-equity ratio to 70%. Its total assets and total liabilities are CN¥14.6B and CN¥8.2B respectively. Xiamen Port Development's EBIT is CN¥347.2M making its interest coverage ratio -15.4. It has cash and short-term investments of CN¥960.3M.
Key information
70.0%
Debt to equity ratio
CN¥4.47b
Debt
Interest coverage ratio | -15.4x |
Cash | CN¥960.33m |
Equity | CN¥6.39b |
Total liabilities | CN¥8.20b |
Total assets | CN¥14.59b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000905's short term assets (CN¥7.5B) exceed its short term liabilities (CN¥6.9B).
Long Term Liabilities: 000905's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 000905's net debt to equity ratio (55%) is considered high.
Reducing Debt: 000905's debt to equity ratio has increased from 56.7% to 70% over the past 5 years.
Debt Coverage: 000905's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000905 earns more interest than it pays, so coverage of interest payments is not a concern.