CNOOC Balance Sheet Health
Financial Health criteria checks 6/6
CNOOC has a total shareholder equity of CN¥720.6B and total debt of CN¥81.8B, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CN¥1,079.4B and CN¥358.8B respectively. CNOOC's EBIT is CN¥188.3B making its interest coverage ratio -57.4. It has cash and short-term investments of CN¥232.2B.
Key information
11.3%
Debt to equity ratio
CN¥81.76b
Debt
| Interest coverage ratio | -57.4x |
| Cash | CN¥232.23b |
| Equity | CN¥720.60b |
| Total liabilities | CN¥358.79b |
| Total assets | CN¥1.08t |
Recent financial health updates
Is CNOOC (HKG:883) A Risky Investment?
Oct 01
Is CNOOC (HKG:883) A Risky Investment?
Apr 05We Think CNOOC (HKG:883) Can Stay On Top Of Its Debt
Jan 05Recent updates
CNOOC Limited Just Recorded A 15% Revenue Beat: Here's What Analysts Think
Oct 30Should You Be Adding CNOOC (HKG:883) To Your Watchlist Today?
Oct 21Is CNOOC (HKG:883) A Risky Investment?
Oct 01Benign Growth For CNOOC Limited (HKG:883) Underpins Its Share Price
Sep 14Returns On Capital Are Showing Encouraging Signs At CNOOC (HKG:883)
Aug 27Calculating The Fair Value Of CNOOC Limited (HKG:883)
Jul 01CNOOC (HKG:883) Is Due To Pay A Dividend Of CN¥0.66
Jun 09CNOOC's (HKG:883) Dividend Will Be CN¥0.66
May 24CNOOC (HKG:883) Has Announced A Dividend Of CN¥0.66
May 10Is CNOOC (HKG:883) A Risky Investment?
Apr 05The Market Doesn't Like What It Sees From CNOOC Limited's (HKG:883) Earnings Yet
Mar 19Returns On Capital Are A Standout For CNOOC (HKG:883)
Mar 01We Think CNOOC (HKG:883) Can Stay On Top Of Its Debt
Jan 05Calculating The Intrinsic Value Of CNOOC Limited (HKG:883)
Dec 18Financial Position Analysis
Short Term Liabilities: 883's short term assets (CN¥285.6B) exceed its short term liabilities (CN¥166.9B).
Long Term Liabilities: 883's short term assets (CN¥285.6B) exceed its long term liabilities (CN¥191.8B).
Debt to Equity History and Analysis
Debt Level: 883 has more cash than its total debt.
Reducing Debt: 883's debt to equity ratio has reduced from 33.5% to 11.3% over the past 5 years.
Debt Coverage: 883's debt is well covered by operating cash flow (285.6%).
Interest Coverage: 883 earns more interest than it pays, so coverage of interest payments is not a concern.