Qinhuangdao Port Balance Sheet Health
Financial Health criteria checks 5/6
Qinhuangdao Port has a total shareholder equity of CN¥19.4B and total debt of CN¥6.1B, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are CN¥28.0B and CN¥8.7B respectively. Qinhuangdao Port's EBIT is CN¥1.7B making its interest coverage ratio -8.3. It has cash and short-term investments of CN¥2.8B.
Key information
31.5%
Debt to equity ratio
CN¥6.11b
Debt
Interest coverage ratio | -8.3x |
Cash | CN¥2.84b |
Equity | CN¥19.37b |
Total liabilities | CN¥8.65b |
Total assets | CN¥28.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QHD's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: QHD's short term assets (CN¥3.5B) do not cover its long term liabilities (CN¥5.5B).
Debt to Equity History and Analysis
Debt Level: QHD's net debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: QHD's debt to equity ratio has reduced from 49.6% to 31.5% over the past 5 years.
Debt Coverage: QHD's debt is well covered by operating cash flow (39.2%).
Interest Coverage: QHD earns more interest than it pays, so coverage of interest payments is not a concern.