COSCO SHIPPING Specialized CarriersLtd Balance Sheet Health
Financial Health criteria checks 3/6
COSCO SHIPPING Specialized CarriersLtd has a total shareholder equity of CN¥13.1B and total debt of CN¥7.7B, which brings its debt-to-equity ratio to 58.7%. Its total assets and total liabilities are CN¥33.0B and CN¥19.9B respectively. COSCO SHIPPING Specialized CarriersLtd's EBIT is CN¥1.7B making its interest coverage ratio 8.2. It has cash and short-term investments of CN¥2.2B.
Key information
58.7%
Debt to equity ratio
CN¥7.69b
Debt
| Interest coverage ratio | 8.2x |
| Cash | CN¥2.22b |
| Equity | CN¥13.10b |
| Total liabilities | CN¥19.87b |
| Total assets | CN¥32.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600428's short term assets (CN¥6.4B) do not cover its short term liabilities (CN¥8.5B).
Long Term Liabilities: 600428's short term assets (CN¥6.4B) do not cover its long term liabilities (CN¥11.4B).
Debt to Equity History and Analysis
Debt Level: 600428's net debt to equity ratio (41.8%) is considered high.
Reducing Debt: 600428's debt to equity ratio has reduced from 79.6% to 58.7% over the past 5 years.
Debt Coverage: 600428's debt is well covered by operating cash flow (45.3%).
Interest Coverage: 600428's interest payments on its debt are well covered by EBIT (8.2x coverage).