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¥431.8M, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are CN¥7.8B and CN¥1.4B respectively. Hainan Strait ShippingLtd's EBIT is CN¥1.5B making its interest coverage ratio -111.9. It has cash and short-term investments of CN¥1.7B.
Key information
6.7%
Debt to equity ratio
CN¥431.82m
Debt
| Interest coverage ratio | -111.9x |
| Cash | CN¥1.74b |
| Equity | CN¥6.42b |
| Total liabilities | CN¥1.40b |
| Total assets | CN¥7.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002320's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥746.9M).
Long Term Liabilities: 002320's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥652.4M).
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 6.7% over the past 5 years.
Debt Coverage: 002320's debt is well covered by operating cash flow (380.8%).
Interest Coverage: 002320 earns more interest than it pays, so coverage of interest payments is not a concern.