COSCO SHIPPING Energy Transportation Balance Sheet Health
Financial Health criteria checks 3/6
COSCO SHIPPING Energy Transportation has a total shareholder equity of CN¥38.6B and total debt of CN¥27.4B, which brings its debt-to-equity ratio to 71%. Its total assets and total liabilities are CN¥72.8B and CN¥34.2B respectively. COSCO SHIPPING Energy Transportation's EBIT is CN¥5.5B making its interest coverage ratio -1366.9. It has cash and short-term investments of CN¥3.7B.
Key information
71.0%
Debt to equity ratio
CN¥27.43b
Debt
| Interest coverage ratio | -1366.9x |
| Cash | CN¥3.68b |
| Equity | CN¥38.62b |
| Total liabilities | CN¥34.18b |
| Total assets | CN¥72.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1138's short term assets (CN¥8.5B) do not cover its short term liabilities (CN¥8.6B).
Long Term Liabilities: 1138's short term assets (CN¥8.5B) do not cover its long term liabilities (CN¥25.6B).
Debt to Equity History and Analysis
Debt Level: 1138's net debt to equity ratio (61.5%) is considered high.
Reducing Debt: 1138's debt to equity ratio has reduced from 103.6% to 71% over the past 5 years.
Debt Coverage: 1138's debt is well covered by operating cash flow (30.6%).
Interest Coverage: 1138 earns more interest than it pays, so coverage of interest payments is not a concern.