Sinopec Oilfield Service Balance Sheet Health
Financial Health criteria checks 2/6
Sinopec Oilfield Service has a total shareholder equity of CN¥9.0B and total debt of CN¥25.3B, which brings its debt-to-equity ratio to 280.4%. Its total assets and total liabilities are CN¥75.7B and CN¥66.7B respectively. Sinopec Oilfield Service's EBIT is CN¥1.6B making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥3.7B.
Key information
280.4%
Debt to equity ratio
CN¥25.30b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥3.65b |
| Equity | CN¥9.02b |
| Total liabilities | CN¥66.70b |
| Total assets | CN¥75.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600871's short term assets (CN¥43.8B) do not cover its short term liabilities (CN¥66.0B).
Long Term Liabilities: 600871's short term assets (CN¥43.8B) exceed its long term liabilities (CN¥712.2M).
Debt to Equity History and Analysis
Debt Level: 600871's net debt to equity ratio (239.9%) is considered high.
Reducing Debt: 600871's debt to equity ratio has reduced from 286.3% to 280.4% over the past 5 years.
Debt Coverage: 600871's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 600871's interest payments on its debt are not well covered by EBIT (2.3x coverage).