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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 15:58 |
| End of Day Share Price | 2024/12/26 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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
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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
Sinopec Oilfield Service Corporation is covered by 22 analysts. 2 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 |
|---|---|
| Clement Chen | Barclays |
| Xiaoyu Yu | BNP Paribas Securities (Asia) |
| Cho Ming Lau | BOCI Research Ltd. |