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
Recent updates
CNOOC Limited Just Recorded A 15% Revenue Beat: Here's What Analysts Think
Oct 30
Should 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 01Financial 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/20 16:12 |
| End of Day Share Price | 2025/01/20 00:00 |
| Earnings | 2024/09/30 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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
CNOOC Limited is covered by 58 analysts. 14 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 |
|---|---|
| Scott Lee Darling | Barclays |
| Yong Liang Por | BNP Paribas Securities (Asia) |
| Cho Ming Lau | BOCI Research Ltd. |