Petro-king Oilfield Services Balance Sheet Health
Financial Health criteria checks 3/6
Petro-king Oilfield Services has a total shareholder equity of HK$193.1M and total debt of HK$181.6M, which brings its debt-to-equity ratio to 94%. Its total assets and total liabilities are HK$694.1M and HK$500.9M respectively.
Key information
94.0%
Debt to equity ratio
HK$181.61m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$29.79m |
| Equity | HK$193.11m |
| Total liabilities | HK$500.95m |
| Total assets | HK$694.06m |
Recent financial health updates
Petro-king Oilfield Services (HKG:2178) Is Making Moderate Use Of Debt
Aug 21
Is Petro-king Oilfield Services (HKG:2178) Weighed On By Its Debt Load?
May 22Is Petro-king Oilfield Services (HKG:2178) Weighed On By Its Debt Load?
Oct 04Is 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 17Recent updates
Petro-king Oilfield Services Limited (HKG:2178) Might Not Be As Mispriced As It Looks After Plunging 25%
Sep 16Petro-king Oilfield Services (HKG:2178) Is Making Moderate Use Of Debt
Aug 21Revenues Not Telling The Story For Petro-king Oilfield Services Limited (HKG:2178) After Shares Rise 33%
May 27Is Petro-king Oilfield Services (HKG:2178) Weighed On By Its Debt Load?
May 22Investor 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$449.1M) exceed its short term liabilities (HK$434.5M).
Long Term Liabilities: 2178's short term assets (HK$449.1M) exceed its long term liabilities (HK$66.4M).
Debt to Equity History and Analysis
Debt Level: 2178's net debt to equity ratio (78.6%) is considered high.
Reducing Debt: 2178's debt to equity ratio has increased from 63.2% to 94% 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 34.1% each year.