China Oilfield Services Balance Sheet Health
Financial Health criteria checks 6/6
China Oilfield Services has a total shareholder equity of CN¥43.0B and total debt of CN¥20.4B, which brings its debt-to-equity ratio to 47.5%. Its total assets and total liabilities are CN¥82.5B and CN¥39.5B respectively. China Oilfield Services's EBIT is CN¥5.1B making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥9.5B.
Key information
47.5%
Debt to equity ratio
CN¥20.44b
Debt
Interest coverage ratio | 8.5x |
Cash | CN¥9.48b |
Equity | CN¥43.00b |
Total liabilities | CN¥39.47b |
Total assets | CN¥82.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CO9's short term assets (CN¥29.2B) exceed its short term liabilities (CN¥22.0B).
Long Term Liabilities: CO9's short term assets (CN¥29.2B) exceed its long term liabilities (CN¥17.4B).
Debt to Equity History and Analysis
Debt Level: CO9's net debt to equity ratio (25.5%) is considered satisfactory.
Reducing Debt: CO9's debt to equity ratio has reduced from 84.2% to 47.5% over the past 5 years.
Debt Coverage: CO9's debt is well covered by operating cash flow (60.5%).
Interest Coverage: CO9's interest payments on its debt are well covered by EBIT (8.5x coverage).