China Merchants Land Balance Sheet Health
Financial Health criteria checks 3/6
China Merchants Land has a total shareholder equity of CN¥34.8B and total debt of CN¥41.8B, which brings its debt-to-equity ratio to 120.2%. Its total assets and total liabilities are CN¥138.2B and CN¥103.4B respectively. China Merchants Land's EBIT is CN¥1.1B making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥12.9B.
Key information
120.2%
Debt to equity ratio
CN¥41.83b
Debt
| Interest coverage ratio | 3.2x |
| Cash | CN¥12.91b |
| Equity | CN¥34.80b |
| Total liabilities | CN¥103.43b |
| Total assets | CN¥138.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNY1's short term assets (CN¥100.3B) exceed its short term liabilities (CN¥66.8B).
Long Term Liabilities: TNY1's short term assets (CN¥100.3B) exceed its long term liabilities (CN¥36.6B).
Debt to Equity History and Analysis
Debt Level: TNY1's net debt to equity ratio (83.1%) is considered high.
Reducing Debt: TNY1's debt to equity ratio has increased from 88% to 120.2% over the past 5 years.
Debt Coverage: TNY1's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TNY1's interest payments on its debt are well covered by EBIT (3.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 14:14 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
China Merchants Land Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Shun Tak So | China Merchants Securities (HK) Co., Ltd |
| Vicky Li | Goldman Sachs |