SINOPEC Engineering (Group) Balance Sheet Health
Financial Health criteria checks 6/6
SINOPEC Engineering (Group) has a total shareholder equity of CN¥30.8B and total debt of CN¥102.2M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥81.0B and CN¥50.1B respectively. SINOPEC Engineering (Group)'s EBIT is CN¥1.6B making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥24.9B.
Key information
0.3%
Debt to equity ratio
CN¥102.16m
Debt
Interest coverage ratio | -1.5x |
Cash | CN¥24.88b |
Equity | CN¥30.85b |
Total liabilities | CN¥50.12b |
Total assets | CN¥80.97b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1NS's short term assets (CN¥72.6B) exceed its short term liabilities (CN¥48.0B).
Long Term Liabilities: 1NS's short term assets (CN¥72.6B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 1NS has more cash than its total debt.
Reducing Debt: 1NS's debt to equity ratio has reduced from 1.5% to 0.3% over the past 5 years.
Debt Coverage: 1NS's debt is well covered by operating cash flow (2463.5%).
Interest Coverage: 1NS earns more interest than it pays, so coverage of interest payments is not a concern.