Rizhao PortLtd Balance Sheet Health
Financial Health criteria checks 0/6
Rizhao PortLtd has a total shareholder equity of CN¥16.0B and total debt of CN¥12.7B, which brings its debt-to-equity ratio to 79.6%. Its total assets and total liabilities are CN¥39.5B and CN¥23.5B respectively. Rizhao PortLtd's EBIT is CN¥1.5B making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥1.4B.
Key information
79.6%
Debt to equity ratio
CN¥12.71b
Debt
| Interest coverage ratio | 2.7x |
| Cash | CN¥1.38b |
| Equity | CN¥15.97b |
| Total liabilities | CN¥23.52b |
| Total assets | CN¥39.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600017's short term assets (CN¥3.1B) do not cover its short term liabilities (CN¥8.6B).
Long Term Liabilities: 600017's short term assets (CN¥3.1B) do not cover its long term liabilities (CN¥15.0B).
Debt to Equity History and Analysis
Debt Level: 600017's net debt to equity ratio (71%) is considered high.
Reducing Debt: 600017's debt to equity ratio has increased from 52.9% to 79.6% over the past 5 years.
Debt Coverage: 600017's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: 600017's interest payments on its debt are not well covered by EBIT (2.7x coverage).