PetroChina Balance Sheet Health
Financial Health criteria checks 5/6
PetroChina has a total shareholder equity of CN¥1,677.9B and total debt of CN¥213.8B, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are CN¥2,768.0B and CN¥1,090.1B respectively. PetroChina's EBIT is CN¥253.3B making its interest coverage ratio 18.7. It has cash and short-term investments of CN¥258.8B.
Key information
12.7%
Debt to equity ratio
CN¥213.81b
Debt
| Interest coverage ratio | 18.7x |
| Cash | CN¥258.83b |
| Equity | CN¥1.68t |
| Total liabilities | CN¥1.09t |
| Total assets | CN¥2.77t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PECN's short term assets (CN¥672.4B) do not cover its short term liabilities (CN¥716.6B).
Long Term Liabilities: PECN's short term assets (CN¥672.4B) exceed its long term liabilities (CN¥373.5B).
Debt to Equity History and Analysis
Debt Level: PECN has more cash than its total debt.
Reducing Debt: PECN's debt to equity ratio has reduced from 31.2% to 12.7% over the past 5 years.
Debt Coverage: PECN's debt is well covered by operating cash flow (211.5%).
Interest Coverage: PECN's interest payments on its debt are well covered by EBIT (18.7x coverage).