COSCO SHIPPING Development Co., Ltd.

COSCO SHIPPING Development Co., Ltd.verified

CITAF

Price:

$0.1212

Market Cap:

$26.33B

COSCO SHIPPING Development Co., Ltd., together with its subsidiaries, provides vessel chartering and container leasing services. It operates through Shipping and Industry-Related Leasing, Container Manufacturing, and Investment and Financial Services segments. The company manufactures and sells containers; and offers operating leasing, equity or debt investment, and insurance brokerage, as well as financial leasing services in the areas of health care, education, energy, construction, and industrial communication. As of December 31, 2021, it had 74 container ships. The company was formerly known as China Shipping Container Lines Company Limited and changed its name to COSCO SHIPPING Developm...[Read more]

Industry

Marine Shipping

IPO Date

2009-10-08

Stock Exchange

PNK

Ticker

CITAF

The Current Ratio as of November 2024 (TTM) for COSCO SHIPPING Development Co., Ltd. (CITAF) is 0.72

According to COSCO SHIPPING Development Co., Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 0.72. This represents a change of 15.11% compared to the average of 0.62 of the last 4 quarters.

COSCO SHIPPING Development Co., Ltd. (CITAF) Historical Current Ratio (quarterly & annually)

How has CITAF Current Ratio performed in the past?

The mean historical Current Ratio of COSCO SHIPPING Development Co., Ltd. over the last ten years is 0.67. The current 0.72 Current Ratio has changed 10.61% with respect to the historical average. Over the past ten years (40 quarters), CITAF's Current Ratio was at its highest in in the December 2014 quarter at 1.01. The Current Ratio was at its lowest in in the September 2021 quarter at 0.47.

Quarterly (TTM)
Annual

Average

0.67

Median

0.59

Minimum

0.53

Maximum

1.01

COSCO SHIPPING Development Co., Ltd. (CITAF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of COSCO SHIPPING Development Co., Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 29.54%

Maximum Annual Current Ratio = 1.01

Minimum Annual Increase = -45.02%

Minimum Annual Current Ratio = 0.53

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.590.08%
20220.59-5.05%
20210.628.81%
20200.574.27%
20190.55-0.30%
20180.55-20.06%
20170.6929.54%
20160.53-45.02%
20150.97-4.01%
20141.01-5.39%

COSCO SHIPPING Development Co., Ltd. (CITAF) Average Current Ratio

How has CITAF Current Ratio performed in the past?

The current Current Ratio of COSCO SHIPPING Development Co., Ltd. (CITAF) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.60

5-year avg

0.59

10-year avg

0.67

COSCO SHIPPING Development Co., Ltd. (CITAF) Current Ratio vs. Peers

How is CITAF’s Current Ratio compared to its peers?

COSCO SHIPPING Development Co., Ltd.’s Current Ratio is less than SITC International Holdings Company Limited (1.46), less than Orient Overseas (International) Limited (3.31), less than COSCO SHIPPING Holdings Co., Ltd. (1.61), less than Pacific Basin Shipping Limited (1.70), less than Orient Overseas (International) Limited (3.31), less than COSCO SHIPPING Holdings Co., Ltd. (1.61), less than SITC International Holdings Company Limited (1.25), less than Western Bulk Chartering AS (1.86), less than Mitsui O.S.K. Lines, Ltd. (0.92), less than A.P. Møller - Mærsk A/S (2.53), less than Hapag-Lloyd Aktiengesellschaft (1.51), less than A.P. Møller - Mærsk A/S (2.53), less than Nippon Yusen Kabushiki Kaisha (1.23), less than MPC Container Ships ASA (2.12),

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