COSCO SHIPPING Holdings Balance Sheet Health
Financial Health criteria checks 6/6
COSCO SHIPPING Holdings has a total shareholder equity of CN¥271.1B and total debt of CN¥43.5B, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are CN¥488.7B and CN¥217.6B respectively. COSCO SHIPPING Holdings's EBIT is CN¥46.4B making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥190.9B.
Key information
16.0%
Debt to equity ratio
CN¥43.49b
Debt
| Interest coverage ratio | -5.9x |
| Cash | CN¥190.91b |
| Equity | CN¥271.10b |
| Total liabilities | CN¥217.62b |
| Total assets | CN¥488.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1919's short term assets (CN¥216.4B) exceed its short term liabilities (CN¥132.3B).
Long Term Liabilities: 1919's short term assets (CN¥216.4B) exceed its long term liabilities (CN¥85.3B).
Debt to Equity History and Analysis
Debt Level: 1919 has more cash than its total debt.
Reducing Debt: 1919's debt to equity ratio has reduced from 200.8% to 16% over the past 5 years.
Debt Coverage: 1919's debt is well covered by operating cash flow (123.7%).
Interest Coverage: 1919 earns more interest than it pays, so coverage of interest payments is not a concern.