Sinopec Oilfield Service Balance Sheet Health
Financial Health criteria checks 3/6
Sinopec Oilfield Service has a total shareholder equity of CN¥8.4B and total debt of CN¥20.6B, which brings its debt-to-equity ratio to 245.5%. Its total assets and total liabilities are CN¥74.6B and CN¥66.2B respectively. Sinopec Oilfield Service's EBIT is CN¥1.3B making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥1.9B.
Key information
245.5%
Debt to equity ratio
CN¥20.60b
Debt
Interest coverage ratio | 1.7x |
Cash | CN¥1.85b |
Equity | CN¥8.39b |
Total liabilities | CN¥66.25b |
Total assets | CN¥74.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600871's short term assets (CN¥40.1B) do not cover its short term liabilities (CN¥65.1B).
Long Term Liabilities: 600871's short term assets (CN¥40.1B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 600871's net debt to equity ratio (223.4%) is considered high.
Reducing Debt: 600871's debt to equity ratio has reduced from 317.1% to 245.5% over the past 5 years.
Debt Coverage: 600871's debt is well covered by operating cash flow (25.9%).
Interest Coverage: 600871's interest payments on its debt are not well covered by EBIT (1.7x coverage).