Chongqing PortLtd Balance Sheet Health
Financial Health criteria checks 4/6
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 37.7%. Its total assets and total liabilities are CN¥12.5B and CN¥4.6B respectively. Chongqing PortLtd's EBIT is CN¥203.0M making its interest coverage ratio 2. It has cash and short-term investments of CN¥1.7B.
Key information
37.7%
Debt to equity ratio
CN¥2.98b
Debt
| Interest coverage ratio | 2x |
| Cash | CN¥1.74b |
| Equity | CN¥7.89b |
| Total liabilities | CN¥4.61b |
| Total assets | CN¥12.50b |
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¥1.5B).
Long Term Liabilities: 600279's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 600279's net debt to equity ratio (15.6%) is considered satisfactory.
Reducing Debt: 600279's debt to equity ratio has reduced from 59.5% to 37.7% over the past 5 years.
Debt Coverage: 600279's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: 600279's interest payments on its debt are not well covered by EBIT (2x coverage).