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¥20.9B and total debt of CN¥5.2B, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are CN¥34.9B and CN¥13.9B respectively. Yantai Jereh Oilfield Services Group's EBIT is CN¥2.7B making its interest coverage ratio -7.1. It has cash and short-term investments of CN¥8.1B.
Key information
24.9%
Debt to equity ratio
CN¥5.22b
Debt
| Interest coverage ratio | -7.1x |
| Cash | CN¥8.11b |
| Equity | CN¥20.95b |
| Total liabilities | CN¥13.94b |
| Total assets | CN¥34.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002353's short term assets (CN¥25.1B) exceed its short term liabilities (CN¥9.9B).
Long Term Liabilities: 002353's short term assets (CN¥25.1B) exceed its long term liabilities (CN¥4.1B).
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 13.7% to 24.9% over the past 5 years.
Debt Coverage: 002353's debt is well covered by operating cash flow (63.1%).
Interest Coverage: 002353 earns more interest than it pays, so coverage of interest payments is not a concern.