China Petroleum Engineering Balance Sheet Health
Financial Health criteria checks 5/6
China Petroleum Engineering has a total shareholder equity of CN¥26.2B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are CN¥107.6B and CN¥81.4B respectively. China Petroleum Engineering's EBIT is CN¥1.1B making its interest coverage ratio -11. It has cash and short-term investments of CN¥34.1B.
Key information
7.6%
Debt to equity ratio
CN¥2.00b
Debt
Interest coverage ratio | -11x |
Cash | CN¥34.14b |
Equity | CN¥26.16b |
Total liabilities | CN¥81.41b |
Total assets | CN¥107.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600339's short term assets (CN¥99.3B) exceed its short term liabilities (CN¥77.3B).
Long Term Liabilities: 600339's short term assets (CN¥99.3B) exceed its long term liabilities (CN¥4.1B).
Debt to Equity History and Analysis
Debt Level: 600339 has more cash than its total debt.
Reducing Debt: 600339's debt to equity ratio has increased from 3.5% to 7.6% over the past 5 years.
Debt Coverage: 600339's debt is well covered by operating cash flow (152.3%).
Interest Coverage: 600339 earns more interest than it pays, so coverage of interest payments is not a concern.