CNOOC Energy Technology & Services Balance Sheet Health
Financial Health criteria checks 6/6
CNOOC Energy Technology & Services has a total shareholder equity of CN¥26.9B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are CN¥46.0B and CN¥19.1B respectively. CNOOC Energy Technology & Services's EBIT is CN¥3.9B making its interest coverage ratio -10.8. It has cash and short-term investments of CN¥8.6B.
Key information
9.5%
Debt to equity ratio
CN¥2.55b
Debt
| Interest coverage ratio | -10.8x |
| Cash | CN¥8.62b |
| Equity | CN¥26.85b |
| Total liabilities | CN¥19.15b |
| Total assets | CN¥46.00b |
Recent financial health updates
We Think CNOOC Energy Technology & Services (SHSE:600968) Can Manage Its Debt With Ease
Sep 15
These 4 Measures Indicate That CNOOC Energy Technology & Services (SHSE:600968) Is Using Debt Safely
May 13Recent updates
CNOOC Energy Technology & Services Limited's (SHSE:600968) Prospects Need A Boost To Lift Shares
Dec 05CNOOC Energy Technology & Services (SHSE:600968) Is Experiencing Growth In Returns On Capital
Nov 18Is CNOOC Energy Technology & Services Limited (SHSE:600968) Trading At A 34% Discount?
Oct 02We Think CNOOC Energy Technology & Services (SHSE:600968) Can Manage Its Debt With Ease
Sep 15There's No Escaping CNOOC Energy Technology & Services Limited's (SHSE:600968) Muted Earnings
Aug 20Calculating The Fair Value Of CNOOC Energy Technology & Services Limited (SHSE:600968)
Jun 21Returns On Capital Are Showing Encouraging Signs At CNOOC Energy Technology & Services (SHSE:600968)
Jun 04These 4 Measures Indicate That CNOOC Energy Technology & Services (SHSE:600968) Is Using Debt Safely
May 13Solid Earnings Reflect CNOOC Energy Technology & Services' (SHSE:600968) Strength As A Business
Apr 22CNOOC Energy Technology & Services Limited (SHSE:600968) Stock Catapults 26% Though Its Price And Business Still Lag The Market
Apr 17Calculating The Intrinsic Value Of CNOOC Energy Technology & Services Limited (SHSE:600968)
Mar 21Returns On Capital At CNOOC Energy Technology & Services (SHSE:600968) Have Hit The Brakes
Feb 29Financial Position Analysis
Short Term Liabilities: 600968's short term assets (CN¥24.4B) exceed its short term liabilities (CN¥15.5B).
Long Term Liabilities: 600968's short term assets (CN¥24.4B) exceed its long term liabilities (CN¥3.6B).
Debt to Equity History and Analysis
Debt Level: 600968 has more cash than its total debt.
Reducing Debt: 600968's debt to equity ratio has reduced from 16.9% to 9.5% over the past 5 years.
Debt Coverage: 600968's debt is well covered by operating cash flow (219.8%).
Interest Coverage: 600968 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 | 2024/12/23 10:46 |
| End of Day Share Price | 2024/12/23 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
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
CNOOC Energy Technology & Services Limited is covered by 5 analysts. 5 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 |
|---|---|
| Bei Na Yan | China International Capital Corporation Limited |
| Zhe Wang | Citic Securities Co., Ltd. |
| Nai Di Zhao | Everbright Securities Co. Ltd. |