COSCO SHIPPING Development Balance Sheet Health
Financial Health criteria checks 1/6
COSCO SHIPPING Development has a total shareholder equity of CN¥30.2B and total debt of CN¥87.4B, which brings its debt-to-equity ratio to 289.4%. Its total assets and total liabilities are CN¥124.5B and CN¥94.3B respectively. COSCO SHIPPING Development's EBIT is CN¥3.8B making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥9.1B.
Key information
289.4%
Debt to equity ratio
CN¥87.43b
Debt
| Interest coverage ratio | 1.7x |
| Cash | CN¥9.05b |
| Equity | CN¥30.21b |
| Total liabilities | CN¥94.29b |
| Total assets | CN¥124.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2866's short term assets (CN¥20.4B) do not cover its short term liabilities (CN¥35.8B).
Long Term Liabilities: 2866's short term assets (CN¥20.4B) do not cover its long term liabilities (CN¥58.4B).
Debt to Equity History and Analysis
Debt Level: 2866's net debt to equity ratio (259.5%) is considered high.
Reducing Debt: 2866's debt to equity ratio has reduced from 457.6% to 289.4% over the past 5 years.
Debt Coverage: 2866's debt is not well covered by operating cash flow (2.5%).
Interest Coverage: 2866's interest payments on its debt are not well covered by EBIT (1.7x coverage).