Yantai Jereh Oilfield Services Group Balance Sheet Health
Financial Health criteria checks 5/6
Yantai Jereh Oilfield Services Group has a total shareholder equity of CN¥20.4B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are CN¥32.6B and CN¥12.1B respectively. Yantai Jereh Oilfield Services Group's EBIT is CN¥2.7B making its interest coverage ratio -14.5. It has cash and short-term investments of CN¥7.2B.
Key information
21.8%
Debt to equity ratio
CN¥4.44b
Debt
| Interest coverage ratio | -14.5x |
| Cash | CN¥7.18b |
| Equity | CN¥20.42b |
| Total liabilities | CN¥12.14b |
| Total assets | CN¥32.56b |
Recent financial health updates
No updates
Recent updates
Does Yantai Jereh Oilfield Services Group (SZSE:002353) Deserve A Spot On Your Watchlist?
Apr 25
Solid Earnings May Not Tell The Whole Story For Yantai Jereh Oilfield Services Group (SZSE:002353)
Apr 09Yantai Jereh Oilfield Services Group Co., Ltd. Just Beat Revenue Estimates By 5.2%
Apr 05Yantai Jereh Oilfield Services Group Co., Ltd.'s (SZSE:002353) Shares Bounce 26% But Its Business Still Trails The Market
Mar 06Financial Position Analysis
Short Term Liabilities: 002353's short term assets (CN¥23.6B) exceed its short term liabilities (CN¥9.7B).
Long Term Liabilities: 002353's short term assets (CN¥23.6B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 002353 has more cash than its total debt.
Reducing Debt: 002353's debt to equity ratio has increased from 10.3% to 21.8% over the past 5 years.
Debt Coverage: 002353's debt is well covered by operating cash flow (25.5%).
Interest Coverage: 002353 earns more interest than it pays, so coverage of interest payments is not a concern.