Sinopec Oilfield Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Sinopec Oilfield Equipment has a total shareholder equity of CN¥3.2B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 82.6%. Its total assets and total liabilities are CN¥10.1B and CN¥6.9B respectively. Sinopec Oilfield Equipment's EBIT is CN¥184.4M making its interest coverage ratio 4.3. It has cash and short-term investments of CN¥944.6M.
Key information
82.6%
Debt to equity ratio
CN¥2.67b
Debt
Interest coverage ratio | 4.3x |
Cash | CN¥944.62m |
Equity | CN¥3.23b |
Total liabilities | CN¥6.90b |
Total assets | CN¥10.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000852's short term assets (CN¥8.2B) exceed its short term liabilities (CN¥6.7B).
Long Term Liabilities: 000852's short term assets (CN¥8.2B) exceed its long term liabilities (CN¥249.5M).
Debt to Equity History and Analysis
Debt Level: 000852's net debt to equity ratio (53.3%) is considered high.
Reducing Debt: 000852's debt to equity ratio has reduced from 169.3% to 82.6% over the past 5 years.
Debt Coverage: 000852's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000852's interest payments on its debt are well covered by EBIT (4.3x coverage).