COSCO SHIPPING Development Balance Sheet Health
Financial Health criteria checks 1/6
COSCO SHIPPING Development has a total shareholder equity of CN¥29.3B and total debt of CN¥89.9B, which brings its debt-to-equity ratio to 307%. Its total assets and total liabilities are CN¥125.9B and CN¥96.6B respectively. COSCO SHIPPING Development's EBIT is CN¥3.5B making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥13.7B.
Key information
307.0%
Debt to equity ratio
CN¥89.89b
Debt
Interest coverage ratio | 1.7x |
Cash | CN¥13.69b |
Equity | CN¥29.28b |
Total liabilities | CN¥96.65b |
Total assets | CN¥125.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CITA.F's short term assets (CN¥22.6B) do not cover its short term liabilities (CN¥38.2B).
Long Term Liabilities: CITA.F's short term assets (CN¥22.6B) do not cover its long term liabilities (CN¥58.4B).
Debt to Equity History and Analysis
Debt Level: CITA.F's net debt to equity ratio (260.2%) is considered high.
Reducing Debt: CITA.F's debt to equity ratio has reduced from 435.8% to 307% over the past 5 years.
Debt Coverage: CITA.F's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: CITA.F's interest payments on its debt are not well covered by EBIT (1.7x coverage).