COSCO SHIPPING Development Co., Ltd.

SZSC:2866 Stock Report

Market Cap: HK$30.1b

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 ratio1.7x
CashCN¥9.05b
EquityCN¥30.21b
Total liabilitiesCN¥94.29b
Total assetsCN¥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).


Balance Sheet


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