China Merchants Land Balance Sheet Health
Financial Health criteria checks 4/6
China Merchants Land has a total shareholder equity of CN¥35.1B and total debt of CN¥36.7B, which brings its debt-to-equity ratio to 104.5%. Its total assets and total liabilities are CN¥132.7B and CN¥97.5B respectively. China Merchants Land's EBIT is CN¥2.6B making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥10.3B.
Key information
104.5%
Debt to equity ratio
CN¥36.72b
Debt
| Interest coverage ratio | 8.5x |
| Cash | CN¥10.28b |
| Equity | CN¥35.12b |
| Total liabilities | CN¥97.55b |
| Total assets | CN¥132.67b |
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
We 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¥92.9B) exceed its short term liabilities (CN¥70.3B).
Long Term Liabilities: 978's short term assets (CN¥92.9B) exceed its long term liabilities (CN¥27.3B).
Debt to Equity History and Analysis
Debt Level: 978's net debt to equity ratio (75.3%) is considered high.
Reducing Debt: 978's debt to equity ratio has increased from 97.3% to 104.5% over the past 5 years.
Debt Coverage: 978's debt is well covered by operating cash flow (29.3%).
Interest Coverage: 978's interest payments on its debt are well covered by EBIT (8.5x coverage).