Sinopec Oilfield Service Balance Sheet Health
Financial Health criteria checks 2/6
Sinopec Oilfield Service has a total shareholder equity of CN¥9.0B and total debt of CN¥25.3B, which brings its debt-to-equity ratio to 280.4%. Its total assets and total liabilities are CN¥75.7B and CN¥66.7B respectively. Sinopec Oilfield Service's EBIT is CN¥1.6B making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥3.7B.
Key information
280.4%
Debt to equity ratio
CN¥25.30b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥3.65b |
| Equity | CN¥9.02b |
| Total liabilities | CN¥66.70b |
| Total assets | CN¥75.73b |
Recent financial health updates
We Think Sinopec Oilfield Service (HKG:1033) Is Taking Some Risk With Its Debt
Sep 25
Does Sinopec Oilfield Service (HKG:1033) Have A Healthy Balance Sheet?
Feb 14Here's Why Sinopec Oilfield Service (HKG:1033) Can Manage Its Debt Responsibly
Sep 05Is Sinopec Oilfield Service (HKG:1033) A Risky Investment?
May 19Is Sinopec Oilfield Service (HKG:1033) Using Too Much Debt?
Feb 13We Think Sinopec Oilfield Service (HKG:1033) Is Taking Some Risk With Its Debt
Sep 26Recent updates
Sinopec Oilfield Service's (HKG:1033) Shareholders May Want To Dig Deeper Than Statutory Profit
Oct 31Sinopec Oilfield Service Corporation (HKG:1033) Stock Rockets 37% As Investors Are Less Pessimistic Than Expected
Oct 04We Think Sinopec Oilfield Service (HKG:1033) Is Taking Some Risk With Its Debt
Sep 25Sinopec Oilfield Service Corporation's (HKG:1033) Share Price Not Quite Adding Up
Jun 26Impressive Earnings May Not Tell The Whole Story For Sinopec Oilfield Service (HKG:1033)
Apr 02Does Sinopec Oilfield Service (HKG:1033) Have A Healthy Balance Sheet?
Feb 14Earnings Not Telling The Story For Sinopec Oilfield Service Corporation (HKG:1033)
Dec 23Here's Why We Think Sinopec Oilfield Service (HKG:1033) Is Well Worth Watching
Nov 16Here's Why Sinopec Oilfield Service (HKG:1033) Can Manage Its Debt Responsibly
Sep 05Is Sinopec Oilfield Service (HKG:1033) A Risky Investment?
May 19Is Sinopec Oilfield Service (HKG:1033) Using Too Much Debt?
Feb 13We Think Sinopec Oilfield Service (HKG:1033) Is Taking Some Risk With Its Debt
Sep 26Does Sinopec Oilfield Service (HKG:1033) Have A Healthy Balance Sheet?
May 18Here's Why Sinopec Oilfield Service (HKG:1033) Is Weighed Down By Its Debt Load
Feb 07Sinopec Oilfield Service (HKG:1033) Use Of Debt Could Be Considered Risky
Oct 29These 4 Measures Indicate That Sinopec Oilfield Service (HKG:1033) Is Using Debt Extensively
Jul 01Analysts Just Made A Major Revision To Their Sinopec Oilfield Service Corporation (HKG:1033) Revenue Forecasts
Apr 14Sinopec Oilfield Service (HKG:1033) Seems To Be Using A Lot Of Debt
Mar 16Sinopec Oilfield Service's (HKG:1033) Shareholders Are Down 53% On Their Shares
Feb 18We're Not Counting On Sinopec Oilfield Service (HKG:1033) To Sustain Its Statutory Profitability
Jan 26
Does Sinopec Oilfield Service Corporation (HKG:1033) Create Value For Shareholders?
Dec 31Is Sinopec Oilfield Service (HKG:1033) A Risky Investment?
Dec 10Reflecting on Sinopec Oilfield Service's (HKG:1033) Share Price Returns Over The Last Five Years
Nov 19Financial Position Analysis
Short Term Liabilities: 1033's short term assets (CN¥43.8B) do not cover its short term liabilities (CN¥66.0B).
Long Term Liabilities: 1033's short term assets (CN¥43.8B) exceed its long term liabilities (CN¥712.2M).
Debt to Equity History and Analysis
Debt Level: 1033's net debt to equity ratio (239.9%) is considered high.
Reducing Debt: 1033's debt to equity ratio has reduced from 286.3% to 280.4% over the past 5 years.
Debt Coverage: 1033's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 1033's interest payments on its debt are not well covered by EBIT (2.3x coverage).