Ningbo Zhoushan Port Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Zhoushan Port has a total shareholder equity of CN¥81.4B and total debt of CN¥8.9B, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are CN¥111.6B and CN¥30.2B respectively. Ningbo Zhoushan Port's EBIT is CN¥4.7B making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥7.1B.
Key information
11.0%
Debt to equity ratio
CN¥8.95b
Debt
| Interest coverage ratio | -3.6x |
| Cash | CN¥7.07b |
| Equity | CN¥81.43b |
| Total liabilities | CN¥30.17b |
| Total assets | CN¥111.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601018's short term assets (CN¥17.8B) do not cover its short term liabilities (CN¥20.5B).
Long Term Liabilities: 601018's short term assets (CN¥17.8B) exceed its long term liabilities (CN¥9.7B).
Debt to Equity History and Analysis
Debt Level: 601018's net debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: 601018's debt to equity ratio has reduced from 31.9% to 11% over the past 5 years.
Debt Coverage: 601018's debt is well covered by operating cash flow (87.3%).
Interest Coverage: 601018 earns more interest than it pays, so coverage of interest payments is not a concern.