SINOPEC Engineering (Group) Balance Sheet Health
Financial Health criteria checks 5/6
SINOPEC Engineering (Group) has a total shareholder equity of CN¥31.1B and total debt of CN¥129.2M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥81.1B and CN¥50.0B respectively. SINOPEC Engineering (Group)'s EBIT is CN¥1.7B making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥20.8B.
Key information
0.4%
Debt to equity ratio
CN¥129.18m
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥20.81b |
| Equity | CN¥31.10b |
| Total liabilities | CN¥49.99b |
| Total assets | CN¥81.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2386's short term assets (CN¥73.0B) exceed its short term liabilities (CN¥48.0B).
Long Term Liabilities: 2386's short term assets (CN¥73.0B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 2386 has more cash than its total debt.
Reducing Debt: 2386's debt to equity ratio has reduced from 1.4% to 0.4% over the past 5 years.
Debt Coverage: 2386's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2386 earns more interest than it pays, so coverage of interest payments is not a concern.