Qinhuangdao Port Balance Sheet Health
Financial Health criteria checks 5/6
Qinhuangdao Port has a total shareholder equity of CN¥20.2B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 27.9%. Its total assets and total liabilities are CN¥28.0B and CN¥7.8B respectively. Qinhuangdao Port's EBIT is CN¥1.5B making its interest coverage ratio -4.7. It has cash and short-term investments of CN¥2.5B.
Key information
27.9%
Debt to equity ratio
CN¥5.63b
Debt
| Interest coverage ratio | -4.7x |
| Cash | CN¥2.53b |
| Equity | CN¥20.20b |
| Total liabilities | CN¥7.80b |
| Total assets | CN¥28.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3369's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 3369's short term assets (CN¥3.1B) do not cover its long term liabilities (CN¥4.8B).
Debt to Equity History and Analysis
Debt Level: 3369's net debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: 3369's debt to equity ratio has reduced from 45.8% to 27.9% over the past 5 years.
Debt Coverage: 3369's debt is well covered by operating cash flow (37.9%).
Interest Coverage: 3369 earns more interest than it pays, so coverage of interest payments is not a concern.