CNOOC Energy Technology & Services Balance Sheet Health
Financial Health criteria checks 6/6
CNOOC Energy Technology & Services has a total shareholder equity of CN¥25.9B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are CN¥42.5B and CN¥16.6B respectively. CNOOC Energy Technology & Services's EBIT is CN¥3.3B making its interest coverage ratio -9.2. It has cash and short-term investments of CN¥9.2B.
Key information
9.4%
Debt to equity ratio
CN¥2.44b
Debt
| Interest coverage ratio | -9.2x |
| Cash | CN¥9.24b |
| Equity | CN¥25.87b |
| Total liabilities | CN¥16.60b |
| Total assets | CN¥42.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600968's short term assets (CN¥22.2B) exceed its short term liabilities (CN¥13.5B).
Long Term Liabilities: 600968's short term assets (CN¥22.2B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 600968 has more cash than its total debt.
Reducing Debt: 600968's debt to equity ratio has reduced from 32.4% to 9.4% over the past 5 years.
Debt Coverage: 600968's debt is well covered by operating cash flow (204.9%).
Interest Coverage: 600968 earns more interest than it pays, so coverage of interest payments is not a concern.