CITIC Offshore Helicopter Balance Sheet Health
Financial Health criteria checks 6/6
CITIC Offshore Helicopter has a total shareholder equity of CN¥5.3B and total debt of CN¥159.9M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are CN¥6.4B and CN¥1.1B respectively. CITIC Offshore Helicopter's EBIT is CN¥330.4M making its interest coverage ratio 14.9. It has cash and short-term investments of CN¥1.5B.
Key information
3.0%
Debt to equity ratio
CN¥159.88m
Debt
Interest coverage ratio | 14.9x |
Cash | CN¥1.53b |
Equity | CN¥5.31b |
Total liabilities | CN¥1.13b |
Total assets | CN¥6.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000099's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥537.9M).
Long Term Liabilities: 000099's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥591.5M).
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 44.5% to 3% over the past 5 years.
Debt Coverage: 000099's debt is well covered by operating cash flow (500.5%).
Interest Coverage: 000099's interest payments on its debt are well covered by EBIT (14.9x coverage).