China Petroleum & Chemical Balance Sheet Health
Financial Health criteria checks 4/6
China Petroleum & Chemical has a total shareholder equity of CN¥988.6B and total debt of CN¥297.9B, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are CN¥2,091.9B and CN¥1,103.3B respectively. China Petroleum & Chemical's EBIT is CN¥81.9B making its interest coverage ratio 7.8. It has cash and short-term investments of CN¥167.4B.
Key information
30.1%
Debt to equity ratio
CN¥297.87b
Debt
Interest coverage ratio | 7.8x |
Cash | CN¥167.37b |
Equity | CN¥988.61b |
Total liabilities | CN¥1.10t |
Total assets | CN¥2.09t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHU's short term assets (CN¥608.1B) do not cover its short term liabilities (CN¥697.0B).
Long Term Liabilities: CHU's short term assets (CN¥608.1B) exceed its long term liabilities (CN¥406.3B).
Debt to Equity History and Analysis
Debt Level: CHU's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: CHU's debt to equity ratio has increased from 21% to 30.1% over the past 5 years.
Debt Coverage: CHU's debt is well covered by operating cash flow (55.8%).
Interest Coverage: CHU's interest payments on its debt are well covered by EBIT (7.8x coverage).