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
No updates
Recent updates
Financial 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).