Hainan Strait ShippingLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hainan Strait ShippingLtd has a total shareholder equity of CN¥6.4B and total debt of CN¥512.1M, which brings its debt-to-equity ratio to 8%. Its total assets and total liabilities are CN¥7.8B and CN¥1.4B respectively. Hainan Strait ShippingLtd's EBIT is CN¥1.4B making its interest coverage ratio -58.3. It has cash and short-term investments of CN¥1.7B.
Key information
8.0%
Debt to equity ratio
CN¥512.07m
Debt
| Interest coverage ratio | -58.3x |
| Cash | CN¥1.68b |
| Equity | CN¥6.38b |
| Total liabilities | CN¥1.40b |
| Total assets | CN¥7.78b |
Recent financial health updates
Hainan Strait ShippingLtd (SZSE:002320) Seems To Use Debt Rather Sparingly
Aug 23
These 4 Measures Indicate That Hainan Strait ShippingLtd (SZSE:002320) Is Using Debt Safely
Apr 30Recent updates
Hainan Strait Shipping Co.,Ltd.'s (SZSE:002320) Popularity With Investors Is Clear
Dec 12Returns on Capital Paint A Bright Future For Hainan Strait ShippingLtd (SZSE:002320)
Nov 25We Think You Can Look Beyond Hainan Strait ShippingLtd's (SZSE:002320) Lackluster Earnings
Nov 06Hainan Strait ShippingLtd (SZSE:002320) Seems To Use Debt Rather Sparingly
Aug 23Hainan Strait Shipping Co.,Ltd.'s (SZSE:002320) Shares May Have Run Too Fast Too Soon
Aug 01These 4 Measures Indicate That Hainan Strait ShippingLtd (SZSE:002320) Is Using Debt Safely
Apr 30We Think Hainan Strait ShippingLtd's (SZSE:002320) Profit Is Only A Baseline For What They Can Achieve
Apr 05Shareholders Would Enjoy A Repeat Of Hainan Strait ShippingLtd's (SZSE:002320) Recent Growth In Returns
Mar 01Financial Position Analysis
Short Term Liabilities: 002320's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥752.5M).
Long Term Liabilities: 002320's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥645.2M).
Debt to Equity History and Analysis
Debt Level: 002320 has more cash than its total debt.
Reducing Debt: 002320's debt to equity ratio has increased from 0.9% to 8% over the past 5 years.
Debt Coverage: 002320's debt is well covered by operating cash flow (304.1%).
Interest Coverage: 002320 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 13:24 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Hainan Strait Shipping Co.,Ltd. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yanli Qi | Bohai Securities Co., Ltd. |
| HongBo Zhang | Citic Securities Co., Ltd. |
| William Zhang | GF Securities Co. Ltd. |