Petro-king Oilfield Services Balance Sheet Health
Financial Health criteria checks 3/6
Petro-king Oilfield Services has a total shareholder equity of HK$191.2M and total debt of HK$188.5M, which brings its debt-to-equity ratio to 98.6%. Its total assets and total liabilities are HK$712.0M and HK$520.9M respectively.
Key information
98.6%
Debt to equity ratio
HK$188.52m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$48.17m |
| Equity | HK$191.16m |
| Total liabilities | HK$520.86m |
| Total assets | HK$712.01m |
Recent financial health updates
Is Petro-king Oilfield Services (HKG:2178) Weighed On By Its Debt Load?
Oct 04
Is Petro-king Oilfield Services (HKG:2178) Using Too Much Debt?
Sep 05Petro-king Oilfield Services (HKG:2178) Is Carrying A Fair Bit Of Debt
Apr 20We Think Petro-king Oilfield Services (HKG:2178) Has A Fair Chunk Of Debt
Sep 17Is Petro-king Oilfield Services (HKG:2178) Using Debt In A Risky Way?
Apr 01Recent updates
Investor Optimism Abounds Petro-king Oilfield Services Limited (HKG:2178) But Growth Is Lacking
Mar 29Some Shareholders Feeling Restless Over Petro-king Oilfield Services Limited's (HKG:2178) P/S Ratio
Dec 18Is Petro-king Oilfield Services (HKG:2178) Weighed On By Its Debt Load?
Oct 04Getting In Cheap On Petro-king Oilfield Services Limited (HKG:2178) Is Unlikely
Aug 03Is Petro-king Oilfield Services (HKG:2178) Using Too Much Debt?
Sep 05Petro-king Oilfield Services (HKG:2178) Is Carrying A Fair Bit Of Debt
Apr 20We Think Petro-king Oilfield Services (HKG:2178) Has A Fair Chunk Of Debt
Sep 17Is Petro-king Oilfield Services (HKG:2178) Using Debt In A Risky Way?
Apr 01Financial Position Analysis
Short Term Liabilities: 2178's short term assets (HK$455.6M) exceed its short term liabilities (HK$433.1M).
Long Term Liabilities: 2178's short term assets (HK$455.6M) exceed its long term liabilities (HK$87.7M).
Debt to Equity History and Analysis
Debt Level: 2178's net debt to equity ratio (73.4%) is considered high.
Reducing Debt: 2178's debt to equity ratio has increased from 62.3% to 98.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 2178 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 2178 has less than a year of cash runway if free cash flow continues to grow at historical rates of 31.4% each year.