Ningbo Zhoushan Port Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Zhoushan Port has a total shareholder equity of CN¥84.2B and total debt of CN¥9.1B, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are CN¥114.7B and CN¥30.5B respectively. Ningbo Zhoushan Port's EBIT is CN¥4.9B making its interest coverage ratio -2.9. It has cash and short-term investments of CN¥8.0B.
Key information
10.8%
Debt to equity ratio
CN¥9.12b
Debt
| Interest coverage ratio | -2.9x |
| Cash | CN¥8.00b |
| Equity | CN¥84.18b |
| Total liabilities | CN¥30.48b |
| Total assets | CN¥114.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601018's short term assets (CN¥19.0B) do not cover its short term liabilities (CN¥20.7B).
Long Term Liabilities: 601018's short term assets (CN¥19.0B) exceed its long term liabilities (CN¥9.8B).
Debt to Equity History and Analysis
Debt Level: 601018's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: 601018's debt to equity ratio has reduced from 33.6% to 10.8% over the past 5 years.
Debt Coverage: 601018's debt is well covered by operating cash flow (75.6%).
Interest Coverage: 601018 earns more interest than it pays, so coverage of interest payments is not a concern.