Chongqing PortLtd Balance Sheet Health
Financial Health criteria checks 3/6
Chongqing PortLtd has a total shareholder equity of CN¥7.9B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are CN¥12.7B and CN¥4.8B respectively. Chongqing PortLtd's EBIT is CN¥162.6M making its interest coverage ratio 1.9. It has cash and short-term investments of CN¥1.5B.
Key information
38.3%
Debt to equity ratio
CN¥3.03b
Debt
| Interest coverage ratio | 1.9x |
| Cash | CN¥1.47b |
| Equity | CN¥7.91b |
| Total liabilities | CN¥4.81b |
| Total assets | CN¥12.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600279's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 600279's short term assets (CN¥3.2B) do not cover its long term liabilities (CN¥3.2B).
Debt to Equity History and Analysis
Debt Level: 600279's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: 600279's debt to equity ratio has reduced from 57.5% to 38.3% over the past 5 years.
Debt Coverage: 600279's debt is not well covered by operating cash flow (3.7%).
Interest Coverage: 600279's interest payments on its debt are not well covered by EBIT (1.9x coverage).