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¥611.1K, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are CN¥1.6B and CN¥268.4M respectively. Dezhou United Petroleum TechnologyLtd's EBIT is CN¥88.1M making its interest coverage ratio -9.7. It has cash and short-term investments of CN¥538.1M.
Key information
0.05%
Debt to equity ratio
CN¥611.07k
Debt
| Interest coverage ratio | -9.7x |
| Cash | CN¥538.07m |
| Equity | CN¥1.31b |
| Total liabilities | CN¥268.41m |
| Total assets | CN¥1.58b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301158's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥255.0M).
Long Term Liabilities: 301158's short term assets (CN¥1.3B) 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 17.4% to 0.05% over the past 5 years.
Debt Coverage: 301158's debt is well covered by operating cash flow (15464.3%).
Interest Coverage: 301158 earns more interest than it pays, so coverage of interest payments is not a concern.