Qinhuangdao Port Balance Sheet Health
Financial Health criteria checks 5/6
Qinhuangdao Port has a total shareholder equity of CN¥19.8B and total debt of CN¥6.1B, which brings its debt-to-equity ratio to 30.9%. Its total assets and total liabilities are CN¥28.4B and CN¥8.6B respectively. Qinhuangdao Port's EBIT is CN¥1.7B making its interest coverage ratio -8.2. It has cash and short-term investments of CN¥3.4B.
Key information
30.9%
Debt to equity ratio
CN¥6.13b
Debt
Interest coverage ratio | -8.2x |
Cash | CN¥3.42b |
Equity | CN¥19.84b |
Total liabilities | CN¥8.58b |
Total assets | CN¥28.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3369's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 3369's short term assets (CN¥4.0B) do not cover its long term liabilities (CN¥5.5B).
Debt to Equity History and Analysis
Debt Level: 3369's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: 3369's debt to equity ratio has reduced from 49.7% to 30.9% over the past 5 years.
Debt Coverage: 3369's debt is well covered by operating cash flow (39.2%).
Interest Coverage: 3369 earns more interest than it pays, so coverage of interest payments is not a concern.