Sinopec Oilfield Service Balance Sheet Health
Financial Health criteria checks 3/6
Sinopec Oilfield Service has a total shareholder equity of CN¥8.4B and total debt of CN¥21.0B, which brings its debt-to-equity ratio to 250.3%. Its total assets and total liabilities are CN¥74.6B and CN¥66.2B respectively. Sinopec Oilfield Service's EBIT is CN¥1.2B making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥1.9B.
Key information
250.3%
Debt to equity ratio
CN¥21.00b
Debt
| Interest coverage ratio | 1.6x |
| Cash | CN¥1.85b |
| Equity | CN¥8.39b |
| Total liabilities | CN¥66.25b |
| Total assets | CN¥74.64b |
Recent financial health updates
Does Sinopec Oilfield Service (HKG:1033) Have A Healthy Balance Sheet?
Feb 14
Here'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 18Recent updates
Impressive 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¥40.1B) do not cover its short term liabilities (CN¥65.1B).
Long Term Liabilities: 1033's short term assets (CN¥40.1B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 1033's net debt to equity ratio (228.2%) is considered high.
Reducing Debt: 1033's debt to equity ratio has reduced from 317.1% to 250.3% over the past 5 years.
Debt Coverage: 1033's debt is well covered by operating cash flow (25.4%).
Interest Coverage: 1033's interest payments on its debt are not well covered by EBIT (1.6x coverage).