China Petroleum & Chemical Balance Sheet Health
Financial Health criteria checks 4/6
China Petroleum & Chemical has a total shareholder equity of CN¥984.1B and total debt of CN¥298.1B, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are CN¥2,140.5B and CN¥1,156.4B respectively. China Petroleum & Chemical's EBIT is CN¥83.0B making its interest coverage ratio 7.6. It has cash and short-term investments of CN¥178.6B.
Key information
30.3%
Debt to equity ratio
CN¥298.06b
Debt
| Interest coverage ratio | 7.6x |
| Cash | CN¥178.65b |
| Equity | CN¥984.09b |
| Total liabilities | CN¥1.16t |
| Total assets | CN¥2.14t |
Recent financial health updates
We Think China Petroleum & Chemical (HKG:386) Is Taking Some Risk With Its Debt
Jun 20
Is China Petroleum & Chemical (HKG:386) Using Too Much Debt?
Mar 08Is China Petroleum & Chemical (HKG:386) A Risky Investment?
Dec 07Is China Petroleum & Chemical (HKG:386) A Risky Investment?
Aug 15Recent updates
Does China Petroleum & Chemical (HKG:386) Deserve A Spot On Your Watchlist?
Jul 20We Think China Petroleum & Chemical (HKG:386) Is Taking Some Risk With Its Debt
Jun 20Returns On Capital Are Showing Encouraging Signs At China Petroleum & Chemical (HKG:386)
May 25China Petroleum & Chemical Corporation (HKG:386) Shares Could Be 32% Below Their Intrinsic Value Estimate
Mar 30Is China Petroleum & Chemical (HKG:386) Using Too Much Debt?
Mar 08Returns At China Petroleum & Chemical (HKG:386) Are On The Way Up
Feb 15Is China Petroleum & Chemical Corporation (HKG:386) Worth HK$3.7 Based On Its Intrinsic Value?
Dec 29Is China Petroleum & Chemical (HKG:386) A Risky Investment?
Dec 07China Petroleum & Chemical (HKG:386) Is Experiencing Growth In Returns On Capital
Nov 16A Look At The Intrinsic Value Of China Petroleum & Chemical Corporation (HKG:386)
Sep 30Is China Petroleum & Chemical (HKG:386) A Risky Investment?
Aug 15Financial Position Analysis
Short Term Liabilities: 386's short term assets (CN¥637.7B) do not cover its short term liabilities (CN¥753.4B).
Long Term Liabilities: 386's short term assets (CN¥637.7B) exceed its long term liabilities (CN¥403.1B).
Debt to Equity History and Analysis
Debt Level: 386's net debt to equity ratio (12.1%) is considered satisfactory.
Reducing Debt: 386's debt to equity ratio has increased from 22.2% to 30.3% over the past 5 years.
Debt Coverage: 386's debt is well covered by operating cash flow (59.1%).
Interest Coverage: 386's interest payments on its debt are well covered by EBIT (7.6x coverage).