PetroChina Balance Sheet Health
Financial Health criteria checks 6/6
PetroChina has a total shareholder equity of CN¥1,512.7B and total debt of CN¥342.2B, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are CN¥2,793.3B and CN¥1,280.6B respectively. PetroChina's EBIT is CN¥215.3B making its interest coverage ratio 13.1. It has cash and short-term investments of CN¥273.1B.
Key information
22.6%
Debt to equity ratio
CN¥342.21b
Debt
Interest coverage ratio | 13.1x |
Cash | CN¥273.09b |
Equity | CN¥1.51t |
Total liabilities | CN¥1.28t |
Total assets | CN¥2.79t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0A2R's short term assets (CN¥770.0B) exceed its short term liabilities (CN¥754.0B).
Long Term Liabilities: 0A2R's short term assets (CN¥770.0B) exceed its long term liabilities (CN¥526.6B).
Debt to Equity History and Analysis
Debt Level: 0A2R's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 0A2R's debt to equity ratio has reduced from 36.1% to 22.6% over the past 5 years.
Debt Coverage: 0A2R's debt is well covered by operating cash flow (125.1%).
Interest Coverage: 0A2R's interest payments on its debt are well covered by EBIT (13.1x coverage).