Dezhou United Petroleum TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Dezhou United Petroleum TechnologyLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥1,000.0K, which brings its debt-to-equity ratio to 0.08%. Its total assets and total liabilities are CN¥1.7B and CN¥384.1M respectively. Dezhou United Petroleum TechnologyLtd's EBIT is CN¥98.5M making its interest coverage ratio -9.9. It has cash and short-term investments of CN¥526.5M.
Key information
0.08%
Debt to equity ratio
CN¥1.00m
Debt
| Interest coverage ratio | -9.9x |
| Cash | CN¥526.52m |
| Equity | CN¥1.30b |
| Total liabilities | CN¥384.07m |
| Total assets | CN¥1.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301158's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥370.6M).
Long Term Liabilities: 301158's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥13.4M).
Debt to Equity History and Analysis
Debt Level: 301158 has more cash than its total debt.
Reducing Debt: 301158's debt to equity ratio has reduced from 3.6% to 0.08% over the past 5 years.
Debt Coverage: 301158's debt is well covered by operating cash flow (17137.7%).
Interest Coverage: 301158 earns more interest than it pays, so coverage of interest payments is not a concern.