CITIC Offshore Helicopter Balance Sheet Health
Financial Health criteria checks 6/6
CITIC Offshore Helicopter has a total shareholder equity of CN¥5.4B and total debt of CN¥159.8M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are CN¥6.6B and CN¥1.2B respectively. CITIC Offshore Helicopter's EBIT is CN¥328.3M making its interest coverage ratio 37.5. It has cash and short-term investments of CN¥1.4B.
Key information
3.0%
Debt to equity ratio
CN¥159.76m
Debt
| Interest coverage ratio | 37.5x |
| Cash | CN¥1.39b |
| Equity | CN¥5.36b |
| Total liabilities | CN¥1.21b |
| Total assets | CN¥6.56b |
Recent financial health updates
CITIC Offshore Helicopter (SZSE:000099) Seems To Use Debt Rather Sparingly
Jun 25
Does CITIC Offshore Helicopter (SZSE:000099) Have A Healthy Balance Sheet?
Mar 05Recent updates
CITIC Offshore Helicopter Co., Ltd.'s (SZSE:000099) 36% Share Price Surge Not Quite Adding Up
Oct 18The Returns At CITIC Offshore Helicopter (SZSE:000099) Aren't Growing
Sep 19CITIC Offshore Helicopter Co., Ltd.'s (SZSE:000099) 26% Share Price Surge Not Quite Adding Up
Aug 07A Look At The Fair Value Of CITIC Offshore Helicopter Co., Ltd. (SZSE:000099)
Jul 11CITIC Offshore Helicopter (SZSE:000099) Seems To Use Debt Rather Sparingly
Jun 25CITIC Offshore Helicopter (SZSE:000099) Hasn't Managed To Accelerate Its Returns
Jun 07Optimistic Investors Push CITIC Offshore Helicopter Co., Ltd. (SZSE:000099) Shares Up 85% But Growth Is Lacking
Apr 25CITIC Offshore Helicopter's (SZSE:000099) Earnings Are Of Questionable Quality
Mar 25CITIC Offshore Helicopter Co., Ltd.'s (SZSE:000099) 32% Price Boost Is Out Of Tune With Earnings
Mar 06Does CITIC Offshore Helicopter (SZSE:000099) Have A Healthy Balance Sheet?
Mar 05Financial Position Analysis
Short Term Liabilities: 000099's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥575.7M).
Long Term Liabilities: 000099's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥631.8M).
Debt to Equity History and Analysis
Debt Level: 000099 has more cash than its total debt.
Reducing Debt: 000099's debt to equity ratio has reduced from 45.4% to 3% over the past 5 years.
Debt Coverage: 000099's debt is well covered by operating cash flow (452.6%).
Interest Coverage: 000099's interest payments on its debt are well covered by EBIT (37.5x coverage).