SINOPEC Shandong Taishan Pectroleum Balance Sheet Health
Financial Health criteria checks 6/6
SINOPEC Shandong Taishan Pectroleum has a total shareholder equity of CN¥964.5M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.7B and CN¥691.9M respectively. SINOPEC Shandong Taishan Pectroleum's EBIT is CN¥102.3M making its interest coverage ratio 15.1. It has cash and short-term investments of CN¥286.1M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | 15.1x |
Cash | CN¥286.14m |
Equity | CN¥964.48m |
Total liabilities | CN¥691.93m |
Total assets | CN¥1.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000554's short term assets (CN¥670.8M) exceed its short term liabilities (CN¥557.1M).
Long Term Liabilities: 000554's short term assets (CN¥670.8M) exceed its long term liabilities (CN¥134.8M).
Debt to Equity History and Analysis
Debt Level: 000554 is debt free.
Reducing Debt: 000554 has no debt compared to 5 years ago when its debt to equity ratio was 6.6%.
Debt Coverage: 000554 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 000554 has no debt, therefore coverage of interest payments is not a concern.