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
Little Excitement Around Offshore Oil Engineering Co.,Ltd's (SHSE:600583) Earnings
Dec 03Offshore 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 06:23 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Offshore Oil Engineering Co.,Ltd is covered by 31 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Cho Ming Lau | BOCI Research Ltd. |
| Jingru Ma | Bohai Securities Co., Ltd. |
| Kai Wei | Changjiang Securities Co. LTD. |