COSCO SHIPPING Development Co., Ltd.

OTCPK:CITA.F Stock Report

Market Cap: US$4.0b

COSCO SHIPPING Development Balance Sheet Health

Financial Health criteria checks 1/6

COSCO SHIPPING Development has a total shareholder equity of CN¥29.7B and total debt of CN¥89.7B, which brings its debt-to-equity ratio to 302%. Its total assets and total liabilities are CN¥125.3B and CN¥95.6B respectively. COSCO SHIPPING Development's EBIT is CN¥3.4B making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥12.3B.

Key information

302.0%

Debt to equity ratio

CN¥89.68b

Debt

Interest coverage ratio1.7x
CashCN¥12.34b
EquityCN¥29.70b
Total liabilitiesCN¥95.61b
Total assetsCN¥125.30b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: CITA.F's short term assets (CN¥22.5B) do not cover its short term liabilities (CN¥37.1B).

Long Term Liabilities: CITA.F's short term assets (CN¥22.5B) do not cover its long term liabilities (CN¥58.5B).


Debt to Equity History and Analysis

Debt Level: CITA.F's net debt to equity ratio (260.4%) is considered high.

Reducing Debt: CITA.F's debt to equity ratio has reduced from 528.6% to 302% over the past 5 years.

Debt Coverage: CITA.F's debt is not well covered by operating cash flow (6%).

Interest Coverage: CITA.F's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


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