Offshore Oil EngineeringLtd Balance Sheet Health
Financial Health criteria checks 5/6
Offshore Oil EngineeringLtd has a total shareholder equity of CN¥27.9B and total debt of CN¥601.0M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are CN¥47.8B and CN¥19.9B respectively. Offshore Oil EngineeringLtd's EBIT is CN¥1.6B making its interest coverage ratio -4.4. It has cash and short-term investments of CN¥16.4B.
Key information
2.2%
Debt to equity ratio
CN¥601.03m
Debt
| Interest coverage ratio | -4.4x |
| Cash | CN¥16.43b |
| Equity | CN¥27.90b |
| Total liabilities | CN¥19.87b |
| Total assets | CN¥47.77b |
Recent financial health updates
Offshore Oil EngineeringLtd (SHSE:600583) Could Easily Take On More Debt
Oct 09
These 4 Measures Indicate That Offshore Oil EngineeringLtd (SHSE:600583) Is Using Debt Safely
Jul 02Recent updates
Offshore Oil EngineeringLtd (SHSE:600583) Could Easily Take On More Debt
Oct 09Is There An Opportunity With Offshore Oil Engineering Co.,Ltd's (SHSE:600583) 26% Undervaluation?
Sep 03Insufficient Growth At Offshore Oil Engineering Co.,Ltd (SHSE:600583) Hampers Share Price
Jul 21These 4 Measures Indicate That Offshore Oil EngineeringLtd (SHSE:600583) Is Using Debt Safely
Jul 02Returns At Offshore Oil EngineeringLtd (SHSE:600583) Are On The Way Up
Jun 11Offshore Oil EngineeringLtd's (SHSE:600583) Earnings May Just Be The Starting Point
Mar 25Earnings Miss: Offshore Oil Engineering Co.,Ltd Missed EPS By 9.9% And Analysts Are Revising Their Forecasts
Mar 20Offshore Oil Engineering Co.,Ltd's (SHSE:600583) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Mar 06Financial Position Analysis
Short Term Liabilities: 600583's short term assets (CN¥28.7B) exceed its short term liabilities (CN¥18.6B).
Long Term Liabilities: 600583's short term assets (CN¥28.7B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 600583 has more cash than its total debt.
Reducing Debt: 600583's debt to equity ratio has increased from 1% to 2.2% over the past 5 years.
Debt Coverage: 600583's debt is well covered by operating cash flow (482.4%).
Interest Coverage: 600583 earns more interest than it pays, so coverage of interest payments is not a concern.