Sinopec Oilfield Equipment Balance Sheet Health
Financial Health criteria checks 3/6
Sinopec Oilfield Equipment has a total shareholder equity of CN¥3.2B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 74.3%. Its total assets and total liabilities are CN¥9.8B and CN¥6.6B respectively. Sinopec Oilfield Equipment's EBIT is CN¥189.9M making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥677.8M.
Key information
74.3%
Debt to equity ratio
CN¥2.36b
Debt
Interest coverage ratio | 2.7x |
Cash | CN¥677.82m |
Equity | CN¥3.17b |
Total liabilities | CN¥6.61b |
Total assets | CN¥9.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000852's short term assets (CN¥7.9B) exceed its short term liabilities (CN¥6.5B).
Long Term Liabilities: 000852's short term assets (CN¥7.9B) exceed its long term liabilities (CN¥139.9M).
Debt to Equity History and Analysis
Debt Level: 000852's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: 000852's debt to equity ratio has reduced from 145.9% to 74.3% over the past 5 years.
Debt Coverage: 000852's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: 000852's interest payments on its debt are not well covered by EBIT (2.7x coverage).