Sino Oil and Gas Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Sino Oil and Gas Holdings has a total shareholder equity of HK$-308.9M and total debt of HK$2.1B, which brings its debt-to-equity ratio to -676.5%. Its total assets and total liabilities are HK$3.6B and HK$3.9B respectively. Sino Oil and Gas Holdings's EBIT is HK$144.6M making its interest coverage ratio 0.6. It has cash and short-term investments of HK$58.4M.
Key information
-676.5%
Debt to equity ratio
HK$2.09b
Debt
| Interest coverage ratio | 0.6x |
| Cash | HK$58.39m |
| Equity | -HK$308.89m |
| Total liabilities | HK$3.89b |
| Total assets | HK$3.58b |
Recent financial health updates
Sino Oil and Gas Holdings (HKG:702) Has No Shortage Of Debt
Oct 23
Sino Oil and Gas Holdings (HKG:702) Has Debt But No Earnings; Should You Worry?
Aug 29Is Sino Oil and Gas Holdings (HKG:702) Using Debt Sensibly?
Nov 19Recent updates
Market Might Still Lack Some Conviction On Sino Oil and Gas Holdings Limited (HKG:702) Even After 35% Share Price Boost
Oct 27Investors Aren't Entirely Convinced By Sino Oil and Gas Holdings Limited's (HKG:702) Revenues
Sep 11Here's Why It's Unlikely That Sino Oil and Gas Holdings Limited's (HKG:702) CEO Will See A Pay Rise This Year
May 24What You Can Learn From Sino Oil and Gas Holdings Limited's (HKG:702) P/S
Mar 21Sino Oil and Gas Holdings (HKG:702) Might Have The Makings Of A Multi-Bagger
Nov 28Sino Oil and Gas Holdings (HKG:702) Has No Shortage Of Debt
Oct 23Sino Oil and Gas Holdings Limited (HKG:702) Stock Rockets 26% But Many Are Still Ignoring The Company
Aug 23Sino Oil and Gas Holdings (HKG:702) Has Debt But No Earnings; Should You Worry?
Aug 29Is Sino Oil and Gas Holdings (HKG:702) Using Debt Sensibly?
Nov 19Can Sino Oil and Gas Holdings (HKG:702) Continue To Grow Its Returns On Capital?
Mar 01Did Business Growth Power Sino Oil and Gas Holdings' (HKG:702) Share Price Gain of 160%?
Feb 02
Sino Oil and Gas Holdings Limited (HKG:702) Insiders Have Been Selling
Dec 18Financial Position Analysis
Short Term Liabilities: 702 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 702 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 702 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 702's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: Whilst unprofitable 702 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 702 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.9% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:31 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Sino Oil and Gas Holdings Limited is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Keith Li | CGS International |
| Michael Yuk | Everbright Securities International (HK) Limited (“EBSIHK”) |
| Chang Liu | Guosen Securities(HK) Financial Holdings Company |