China Oil And Gas Group Balance Sheet Health
Financial Health criteria checks 4/6
China Oil And Gas Group has a total shareholder equity of HK$9.1B and total debt of HK$7.6B, which brings its debt-to-equity ratio to 84.4%. Its total assets and total liabilities are HK$21.4B and HK$12.4B respectively. China Oil And Gas Group's EBIT is HK$1.7B making its interest coverage ratio 350.1. It has cash and short-term investments of HK$2.9B.
Key information
84.4%
Debt to equity ratio
HK$7.65b
Debt
| Interest coverage ratio | 350.1x |
| Cash | HK$2.91b |
| Equity | HK$9.06b |
| Total liabilities | HK$12.37b |
| Total assets | HK$21.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GPI1's short term assets (HK$5.8B) do not cover its short term liabilities (HK$7.9B).
Long Term Liabilities: GPI1's short term assets (HK$5.8B) exceed its long term liabilities (HK$4.5B).
Debt to Equity History and Analysis
Debt Level: GPI1's net debt to equity ratio (52.2%) is considered high.
Reducing Debt: GPI1's debt to equity ratio has reduced from 99.5% to 84.4% over the past 5 years.
Debt Coverage: GPI1's debt is well covered by operating cash flow (33.6%).
Interest Coverage: GPI1's interest payments on its debt are well covered by EBIT (350.1x coverage).