CNOOC Balance Sheet Health
Financial Health criteria checks 6/6
CNOOC has a total shareholder equity of CN¥708.1B and total debt of CN¥113.0B, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are CN¥1,055.2B and CN¥347.1B respectively. CNOOC's EBIT is CN¥174.8B making its interest coverage ratio -29.5. It has cash and short-term investments of CN¥226.7B.
Key information
16.0%
Debt to equity ratio
CN¥112.98b
Debt
Interest coverage ratio | -29.5x |
Cash | CN¥226.69b |
Equity | CN¥708.08b |
Total liabilities | CN¥347.10b |
Total assets | CN¥1.06t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600938's short term assets (CN¥288.8B) exceed its short term liabilities (CN¥131.9B).
Long Term Liabilities: 600938's short term assets (CN¥288.8B) exceed its long term liabilities (CN¥215.2B).
Debt to Equity History and Analysis
Debt Level: 600938 has more cash than its total debt.
Reducing Debt: 600938's debt to equity ratio has reduced from 32.5% to 16% over the past 5 years.
Debt Coverage: 600938's debt is well covered by operating cash flow (192.7%).
Interest Coverage: 600938 earns more interest than it pays, so coverage of interest payments is not a concern.