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
Returns 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.