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China Petroleum & Chemical Balance Sheet Health
Financial Health criteria checks 4/6
China Petroleum & Chemical has a total shareholder equity of CN¥959.3B and total debt of CN¥264.5B, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are CN¥2,011.2B and CN¥1,051.8B respectively. China Petroleum & Chemical's EBIT is CN¥80.4B making its interest coverage ratio -26.6. It has cash and short-term investments of CN¥175.6B.
Key information
27.6%
Debt to equity ratio
CN¥264.55b
Debt
Interest coverage ratio | -26.6x |
Cash | CN¥175.58b |
Equity | CN¥959.31b |
Total liabilities | CN¥1.05t |
Total assets | CN¥2.01t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHUA's short term assets (CN¥584.8B) do not cover its short term liabilities (CN¥670.9B).
Long Term Liabilities: CHUA's short term assets (CN¥584.8B) exceed its long term liabilities (CN¥380.9B).
Debt to Equity History and Analysis
Debt Level: CHUA's net debt to equity ratio (9.3%) is considered satisfactory.
Reducing Debt: CHUA's debt to equity ratio has increased from 21.4% to 27.6% over the past 5 years.
Debt Coverage: CHUA's debt is well covered by operating cash flow (54.7%).
Interest Coverage: CHUA earns more interest than it pays, so coverage of interest payments is not a concern.