PetroChina Balance Sheet Health
Financial Health criteria checks 6/6
PetroChina has a total shareholder equity of CN¥1,680.9B and total debt of CN¥241.8B, which brings its debt-to-equity ratio to 14.4%. Its total assets and total liabilities are CN¥2,754.2B and CN¥1,073.3B respectively. PetroChina's EBIT is CN¥255.6B making its interest coverage ratio 13.2. It has cash and short-term investments of CN¥267.0B.
Key information
14.4%
Debt to equity ratio
CN¥241.83b
Debt
Interest coverage ratio | 13.2x |
Cash | CN¥266.95b |
Equity | CN¥1.68t |
Total liabilities | CN¥1.07t |
Total assets | CN¥2.75t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601857's short term assets (CN¥671.0B) exceed its short term liabilities (CN¥627.8B).
Long Term Liabilities: 601857's short term assets (CN¥671.0B) exceed its long term liabilities (CN¥445.5B).
Debt to Equity History and Analysis
Debt Level: 601857 has more cash than its total debt.
Reducing Debt: 601857's debt to equity ratio has reduced from 31.3% to 14.4% over the past 5 years.
Debt Coverage: 601857's debt is well covered by operating cash flow (182.5%).
Interest Coverage: 601857's interest payments on its debt are well covered by EBIT (13.2x coverage).