#COSCO TRACKING INFORMATION FREE#

#COSCO TRACKING INFORMATION FREE#

So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.įinally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. But ultimately the future profitability of the business will decide if COSCO SHIPPING Ports can strengthen its balance sheet over time. The balance sheet is clearly the area to focus on when you are analysing debt. If it can keep walking that path it will be in a position to shed its debt with relative ease. However, it should be some comfort for shareholders to recall that COSCO SHIPPING Ports actually grew its EBIT by a hefty 146%, over the last 12 months. This suggests that while the debt levels are significant, we'd stop short of calling them problematic. Thus we consider debt relative to earnings both with and without depreciation and amortization expenses.ĬOSCO SHIPPING Ports's debt is 3.9 times its EBITDA, and its EBIT cover its interest expense 2.7 times over. We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover).

In the scenario where the company had to clean up its balance sheet quickly, it seems likely shareholders would suffer extensive dilution. When you consider that this deficiency exceeds the company's US$2.57b market capitalization, you might well be inclined to review the balance sheet intently. So it has liabilities totalling US$3.35b more than its cash and near-term receivables, combined. Offsetting this, it had US$1.21b in cash and US$261.0m in receivables that were due within 12 months. The latest balance sheet data shows that COSCO SHIPPING Ports had liabilities of US$1.62b due within a year, and liabilities of US$3.21b falling due after that. SEHK:1199 Debt to Equity History March 23rd 2023 How Strong Is COSCO SHIPPING Ports' Balance Sheet? However, it also had US$1.21b in cash, and so its net debt is US$1.83b. The chart below, which you can click on for greater detail, shows that COSCO SHIPPING Ports had US$3.04b in debt in September 2022 about the same as the year before. View our latest analysis for COSCO SHIPPING Ports How Much Debt Does COSCO SHIPPING Ports Carry? The first thing to do when considering how much debt a business uses is to look at its cash and debt together. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers.

Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. But the real question is whether this debt is making the company risky. As with many other companies COSCO SHIPPING Ports Limited ( HKG:1199) makes use of debt. The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses.

Cosco tracking information