COSCO SHIPPING Development Balance Sheet Health
Financial Health criteria checks 1/6
COSCO SHIPPING Development has a total shareholder equity of CN¥30.6B and total debt of CN¥86.0B, which brings its debt-to-equity ratio to 280.9%. Its total assets and total liabilities are CN¥123.1B and CN¥92.5B respectively. COSCO SHIPPING Development's EBIT is CN¥4.0B making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥10.9B.
Key information
280.9%
Debt to equity ratio
CN¥85.96b
Debt
| Interest coverage ratio | 1.8x |
| Cash | CN¥10.85b |
| Equity | CN¥30.60b |
| Total liabilities | CN¥92.51b |
| Total assets | CN¥123.11b |
Recent financial health updates
COSCO SHIPPING Development (HKG:2866) Use Of Debt Could Be Considered Risky
Mar 15
COSCO SHIPPING Development (HKG:2866) Use Of Debt Could Be Considered Risky
Sep 26COSCO SHIPPING Development (HKG:2866) Has No Shortage Of Debt
Jun 24Is COSCO SHIPPING Development (HKG:2866) Using Too Much Debt?
Jan 26Here's Why COSCO SHIPPING Development (HKG:2866) Has A Meaningful Debt Burden
Oct 04Is COSCO SHIPPING Development (HKG:2866) A Risky Investment?
Jun 20Recent updates
COSCO SHIPPING Development Co., Ltd.'s (HKG:2866) 39% Price Boost Is Out Of Tune With Earnings
Oct 07Investors Can Find Comfort In COSCO SHIPPING Development's (HKG:2866) Earnings Quality
Sep 06COSCO SHIPPING Development (HKG:2866) Has Announced That Its Dividend Will Be Reduced To CN¥0.0351
Jul 03Returns On Capital At COSCO SHIPPING Development (HKG:2866) Have Hit The Brakes
Jun 10Subdued Growth No Barrier To COSCO SHIPPING Development Co., Ltd. (HKG:2866) With Shares Advancing 27%
May 13COSCO SHIPPING Development (HKG:2866) Use Of Debt Could Be Considered Risky
Mar 15COSCO SHIPPING Development (HKG:2866) Is Doing The Right Things To Multiply Its Share Price
Feb 17COSCO SHIPPING Development (HKG:2866) Use Of Debt Could Be Considered Risky
Sep 26COSCO SHIPPING Development's (HKG:2866) Returns On Capital Are Heading Higher
Aug 22COSCO SHIPPING Development (HKG:2866) Has No Shortage Of Debt
Jun 24There's Been No Shortage Of Growth Recently For COSCO SHIPPING Development's (HKG:2866) Returns On Capital
May 10A Look At The Intrinsic Value Of COSCO SHIPPING Development Co., Ltd. (HKG:2866)
Mar 06Is COSCO SHIPPING Development (HKG:2866) Using Too Much Debt?
Jan 26Returns At COSCO SHIPPING Development (HKG:2866) Are On The Way Up
Dec 18Here's Why COSCO SHIPPING Development (HKG:2866) Has A Meaningful Debt Burden
Oct 04Returns At COSCO SHIPPING Development (HKG:2866) Are On The Way Up
Sep 15A Look At The Intrinsic Value Of COSCO SHIPPING Development Co., Ltd. (HKG:2866)
Aug 22Is COSCO SHIPPING Development (HKG:2866) A Risky Investment?
Jun 20COSCO SHIPPING Development's (HKG:2866) Returns On Capital Are Heading Higher
May 31Estimating The Fair Value Of COSCO SHIPPING Development Co., Ltd. (HKG:2866)
May 13I Ran A Stock Scan For Earnings Growth And COSCO SHIPPING Development (HKG:2866) Passed With Ease
Apr 06COSCO SHIPPING Development (HKG:2866) Shareholders Will Want The ROCE Trajectory To Continue
Dec 14Should You Be Adding COSCO SHIPPING Development (HKG:2866) To Your Watchlist Today?
Oct 25COSCO SHIPPING Development (HKG:2866) Is Experiencing Growth In Returns On Capital
Sep 06Do COSCO SHIPPING Development's (HKG:2866) Earnings Warrant Your Attention?
Jul 25Financial Position Analysis
Short Term Liabilities: 2866's short term assets (CN¥21.4B) do not cover its short term liabilities (CN¥29.9B).
Long Term Liabilities: 2866's short term assets (CN¥21.4B) do not cover its long term liabilities (CN¥62.6B).
Debt to Equity History and Analysis
Debt Level: 2866's net debt to equity ratio (245.5%) is considered high.
Reducing Debt: 2866's debt to equity ratio has reduced from 468.1% to 280.9% over the past 5 years.
Debt Coverage: 2866's debt is not well covered by operating cash flow (5%).
Interest Coverage: 2866's interest payments on its debt are not well covered by EBIT (1.8x coverage).