China Merchants Land Balance Sheet Health
Financial Health criteria checks 3/6
China Merchants Land has a total shareholder equity of CN¥34.8B and total debt of CN¥41.8B, which brings its debt-to-equity ratio to 120.2%. Its total assets and total liabilities are CN¥138.2B and CN¥103.4B respectively. China Merchants Land's EBIT is CN¥1.1B making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥12.9B.
Key information
120.2%
Debt to equity ratio
CN¥41.83b
Debt
| Interest coverage ratio | 3.2x |
| Cash | CN¥12.91b |
| Equity | CN¥34.80b |
| Total liabilities | CN¥103.43b |
| Total assets | CN¥138.23b |
Recent financial health updates
We Think China Merchants Land (HKG:978) Is Taking Some Risk With Its Debt
Sep 07
Here's Why China Merchants Land (HKG:978) Has A Meaningful Debt Burden
Sep 17Is China Merchants Land (HKG:978) Using Too Much Debt?
Dec 30
Recent updates
There's Reason For Concern Over China Merchants Land Limited's (HKG:978) Price
Jul 26We Think China Merchants Land (HKG:978) Is Taking Some Risk With Its Debt
Sep 07Estimating The Fair Value Of China Merchants Land Limited (HKG:978)
Nov 21Here's Why China Merchants Land (HKG:978) Has A Meaningful Debt Burden
Sep 17Investors Can Find Comfort In China Merchants Land's (HKG:978) Earnings Quality
May 03China Merchants Land's (HKG:978) Shareholders Are Down 27% On Their Shares
Mar 12What Type Of Shareholders Make Up China Merchants Land Limited's (HKG:978) Share Registry?
Feb 02Is China Merchants Land (HKG:978) Using Too Much Debt?
Dec 30China Merchants Land (HKG:978) Shareholders Received A Total Return Of Negative 8.0% In The Last Five Years
Nov 25Financial Position Analysis
Short Term Liabilities: 978's short term assets (CN¥100.3B) exceed its short term liabilities (CN¥66.8B).
Long Term Liabilities: 978's short term assets (CN¥100.3B) exceed its long term liabilities (CN¥36.6B).
Debt to Equity History and Analysis
Debt Level: 978's net debt to equity ratio (83.1%) is considered high.
Reducing Debt: 978's debt to equity ratio has increased from 88% to 120.2% over the past 5 years.
Debt Coverage: 978's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 978's interest payments on its debt are well covered by EBIT (3.2x coverage).