China Oilfield Services Balance Sheet Health
Financial Health criteria checks 6/6
China Oilfield Services has a total shareholder equity of CN¥43.0B and total debt of CN¥20.4B, which brings its debt-to-equity ratio to 47.5%. Its total assets and total liabilities are CN¥82.5B and CN¥39.5B respectively. China Oilfield Services's EBIT is CN¥5.1B making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥9.5B.
Key information
47.5%
Debt to equity ratio
CN¥20.44b
Debt
| Interest coverage ratio | 8.5x |
| Cash | CN¥9.48b |
| Equity | CN¥43.00b |
| Total liabilities | CN¥39.47b |
| Total assets | CN¥82.46b |
Recent financial health updates
China Oilfield Services (HKG:2883) Has A Pretty Healthy Balance Sheet
Mar 08
China Oilfield Services (HKG:2883) Has A Pretty Healthy Balance Sheet
Nov 27Is China Oilfield Services (HKG:2883) A Risky Investment?
Aug 20China Oilfield Services (HKG:2883) Has A Pretty Healthy Balance Sheet
May 14China Oilfield Services (HKG:2883) Seems To Use Debt Rather Sparingly
Feb 01Is China Oilfield Services (HKG:2883) A Risky Investment?
Oct 25Recent updates
After Leaping 31% China Oilfield Services Limited (HKG:2883) Shares Are Not Flying Under The Radar
Mar 29China Oilfield Services (HKG:2883) Has A Pretty Healthy Balance Sheet
Mar 08Returns At China Oilfield Services (HKG:2883) Are On The Way Up
Feb 19China Oilfield Services Limited's (HKG:2883) P/E Still Appears To Be Reasonable
Dec 19China Oilfield Services (HKG:2883) Has A Pretty Healthy Balance Sheet
Nov 27China Oilfield Services (HKG:2883) Is Looking To Continue Growing Its Returns On Capital
Nov 07Is China Oilfield Services (HKG:2883) A Risky Investment?
Aug 20Returns At China Oilfield Services (HKG:2883) Are On The Way Up
Aug 01China Oilfield Services (HKG:2883) Will Pay A Larger Dividend Than Last Year At CN¥0.1786
May 26China Oilfield Services (HKG:2883) Has A Pretty Healthy Balance Sheet
May 14China Oilfield Services (HKG:2883) Shareholders Will Want The ROCE Trajectory To Continue
Apr 28A Look At The Fair Value Of China Oilfield Services Limited (HKG:2883)
Mar 19China Oilfield Services (HKG:2883) Seems To Use Debt Rather Sparingly
Feb 01We Like These Underlying Return On Capital Trends At China Oilfield Services (HKG:2883)
Jan 17Estimating The Intrinsic Value Of China Oilfield Services Limited (HKG:2883)
Dec 18Is China Oilfield Services (HKG:2883) A Risky Investment?
Oct 25There's Been No Shortage Of Growth Recently For China Oilfield Services' (HKG:2883) Returns On Capital
Oct 10China Oilfield Services Limited (HKG:2883) Shares Could Be 40% Below Their Intrinsic Value Estimate
Sep 09China Oilfield Services (HKG:2883) Has A Rock Solid Balance Sheet
Jun 29Returns At China Oilfield Services (HKG:2883) Are On The Way Up
Jun 08China Oilfield Services (HKG:2883) Seems To Use Debt Quite Sensibly
Mar 25Estimating The Intrinsic Value Of China Oilfield Services Limited (HKG:2883)
Mar 02China Oilfield Services (HKG:2883) Might Have The Makings Of A Multi-Bagger
Jan 28Is China Oilfield Services (HKG:2883) Using Too Much Debt?
Dec 19Estimating The Intrinsic Value Of China Oilfield Services Limited (HKG:2883)
Nov 28We Like These Underlying Return On Capital Trends At China Oilfield Services (HKG:2883)
Oct 22Investors Will Want China Oilfield Services' (HKG:2883) Growth In ROCE To Persist
Jul 20Calculating The Fair Value Of China Oilfield Services Limited (HKG:2883)
May 28Here's How We Evaluate China Oilfield Services Limited's (HKG:2883) Dividend
May 10China Oilfield Services (HKG:2883) Has A Pretty Healthy Balance Sheet
Apr 11Should You Be Adding China Oilfield Services (HKG:2883) To Your Watchlist Today?
Mar 29Are Institutions Heavily Invested In China Oilfield Services Limited's (HKG:2883) Shares?
Mar 11Calculating The Intrinsic Value Of China Oilfield Services Limited (HKG:2883)
Feb 25Returns On Capital - An Important Metric For China Oilfield Services (HKG:2883)
Feb 12
Financial Position Analysis
Short Term Liabilities: 2883's short term assets (CN¥29.2B) exceed its short term liabilities (CN¥22.0B).
Long Term Liabilities: 2883's short term assets (CN¥29.2B) exceed its long term liabilities (CN¥17.4B).
Debt to Equity History and Analysis
Debt Level: 2883's net debt to equity ratio (25.5%) is considered satisfactory.
Reducing Debt: 2883's debt to equity ratio has reduced from 84.2% to 47.5% over the past 5 years.
Debt Coverage: 2883's debt is well covered by operating cash flow (60.5%).
Interest Coverage: 2883's interest payments on its debt are well covered by EBIT (8.5x coverage).