Watts International Maritime Balance Sheet Health
Financial Health criteria checks 4/6
Watts International Maritime has a total shareholder equity of CN¥752.1M and total debt of CN¥203.2M, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are CN¥3.2B and CN¥2.5B respectively. Watts International Maritime's EBIT is CN¥68.3M making its interest coverage ratio 9.1. It has cash and short-term investments of CN¥257.6M.
Key information
27.0%
Debt to equity ratio
CN¥203.17m
Debt
| Interest coverage ratio | 9.1x |
| Cash | CN¥257.59m |
| Equity | CN¥752.10m |
| Total liabilities | CN¥2.49b |
| Total assets | CN¥3.24b |
Recent financial health updates
Watts International Maritime (HKG:2258) Use Of Debt Could Be Considered Risky
May 08
Watts International Maritime Engineering (HKG:2258) Takes On Some Risk With Its Use Of Debt
Mar 26Recent updates
We Think That There Are Issues Underlying Watts International Maritime's (HKG:2258) Earnings
May 01Watts International Maritime (HKG:2258) Has Some Difficulty Using Its Capital Effectively
Apr 10Watts International Maritime Company Limited's (HKG:2258) Earnings Are Not Doing Enough For Some Investors
Jan 24Watts International Maritime's (HKG:2258) Returns On Capital Not Reflecting Well On The Business
Jun 13Watts International Maritime (HKG:2258) Use Of Debt Could Be Considered Risky
May 08Watts International Maritime (HKG:2258) Is Reinvesting At Lower Rates Of Return
Mar 08Watts International Maritime (HKG:2258) Might Be Having Difficulty Using Its Capital Effectively
Oct 24Here's What's Concerning About Watts International Maritime's (HKG:2258) Returns On Capital
Jul 22Watts International Maritime (HKG:2258) Is Increasing Its Dividend To HK$0.016
Jun 17Watts International Maritime (HKG:2258) Is Paying Out A Larger Dividend Than Last Year
May 04Watts International Maritime's (HKG:2258) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 20Watts International Maritime (HKG:2258) Is Paying Out A Larger Dividend Than Last Year
Apr 04Capital Allocation Trends At Watts International Maritime (HKG:2258) Aren't Ideal
Mar 09Watts International Maritime Engineering (HKG:2258) Might Be Having Difficulty Using Its Capital Effectively
Nov 22Watts International Maritime Engineering (HKG:2258) May Have Issues Allocating Its Capital
Aug 03Investors Could Be Concerned With Watts International Maritime Engineering's (HKG:2258) Returns On Capital
Apr 21Watts International Maritime Engineering (HKG:2258) Takes On Some Risk With Its Use Of Debt
Mar 26Calculating The Intrinsic Value Of Watts International Maritime Engineering Limited (HKG:2258)
Jan 03Has Watts International Maritime Engineering (HKG:2258) Got What It Takes To Become A Multi-Bagger?
Nov 29
Financial Position Analysis
Short Term Liabilities: 2258's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 2258's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥208.5M).
Debt to Equity History and Analysis
Debt Level: 2258 has more cash than its total debt.
Reducing Debt: 2258's debt to equity ratio has increased from 3.9% to 27% over the past 5 years.
Debt Coverage: 2258's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2258's interest payments on its debt are well covered by EBIT (9.1x coverage).