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¥333.9M making its interest coverage ratio 14. 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 | 14x |
| Cash | CN¥1.39b |
| Equity | CN¥5.36b |
| Total liabilities | CN¥1.21b |
| Total assets | CN¥6.56b |
Recent financial health updates
No updates
Recent updates
Financial 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 (14x coverage).