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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/28 23:52 |
| End of Day Share Price | 2025/01/28 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
China Merchants Land Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Shun Tak So | China Merchants Securities (HK) Co., Ltd |
| Vicky Li | Goldman Sachs |