COSCO SHIPPING Development Balance Sheet Health
Financial Health criteria checks 1/6
COSCO SHIPPING Development has a total shareholder equity of CN¥29.7B and total debt of CN¥89.7B, which brings its debt-to-equity ratio to 302%. Its total assets and total liabilities are CN¥125.3B and CN¥95.6B respectively. COSCO SHIPPING Development's EBIT is CN¥3.4B making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥12.3B.
Key information
302.0%
Debt to equity ratio
CN¥89.68b
Debt
| Interest coverage ratio | 1.7x |
| Cash | CN¥12.34b |
| Equity | CN¥29.70b |
| Total liabilities | CN¥95.61b |
| Total assets | CN¥125.30b |
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 (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 25There's Been No Shortage Of Growth Recently For COSCO SHIPPING Development's (HKG:2866) Returns On Capital
Jun 01Here's Why We Think COSCO SHIPPING Development (HKG:2866) Is Well Worth Watching
Apr 26What To Know Before Buying COSCO SHIPPING Development Co., Ltd. (HKG:2866) For Its Dividend
Jan 17
How Much Of COSCO SHIPPING Development Co., Ltd. (HKG:2866) Do Institutions Own?
Jan 01At HK$1.20, Is It Time To Put COSCO SHIPPING Development Co., Ltd. (HKG:2866) On Your Watch List?
Dec 17COSCO SHIPPING Development (HKG:2866) Shareholders Booked A 36% Gain In The Last Year
Dec 02What Do The Returns At COSCO SHIPPING Development (HKG:2866) Mean Going Forward?
Nov 17Financial Position Analysis
Short Term Liabilities: 2866's short term assets (CN¥22.5B) do not cover its short term liabilities (CN¥37.1B).
Long Term Liabilities: 2866's short term assets (CN¥22.5B) do not cover its long term liabilities (CN¥58.5B).
Debt to Equity History and Analysis
Debt Level: 2866's net debt to equity ratio (260.4%) is considered high.
Reducing Debt: 2866's debt to equity ratio has reduced from 528.6% to 302% over the past 5 years.
Debt Coverage: 2866's debt is not well covered by operating cash flow (6%).
Interest Coverage: 2866's interest payments on its debt are not well covered by EBIT (1.7x coverage).