China Merchants Port Holdings Co Ltd

China Merchants Port Holdings maintains a capital structure characterized by significant leverage relative to its equity base, with total liabilities of HKD 67.1 billion against total equity of HKD 110.4 billion. The debt-to-equity ratio stands at 0.33, indicating moderate leverage, while the current ratio of 0.72 suggests potential short-term liquidity constraints. The company holds minimal cash and equivalents of HKD 48 million, resulting in a negative net cash position after accounting for long-term debt of HKD 36.3 billion. Despite this, operating cash flow remains robust at HKD 9.5 billion, supporting a free cash flow of HKD 5.4 billion.

Profitability metrics indicate efficient asset utilization relative to the equity base, with a return on equity of 5.89% and a return on assets of 3.66%. The company reports a net income of HKD 6.5 billion on revenues of HKD 13.4 billion, yielding a net margin of approximately 48.7%. Operating income of HKD 5.3 billion reflects strong operational efficiency, with gross profit contributing HKD 6.5 billion to the bottom line. These returns are supported by a low price-to-book ratio of 0.5, suggesting the market values the company below its tangible book value.