CNOOC Balance Sheet Health
Financial Health criteria checks 6/6
CNOOC has a total shareholder equity of CN¥708.1B and total debt of CN¥113.0B, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are CN¥1,055.2B and CN¥347.1B respectively. CNOOC's EBIT is CN¥174.8B making its interest coverage ratio -29.5. It has cash and short-term investments of CN¥226.7B.
Key information
16.0%
Debt to equity ratio
CN¥112.98b
Debt
| Interest coverage ratio | -29.5x |
| Cash | CN¥226.69b |
| Equity | CN¥708.08b |
| Total liabilities | CN¥347.10b |
| Total assets | CN¥1.06t |
Recent financial health updates
Is CNOOC (HKG:883) A Risky Investment?
Apr 05
We Think CNOOC (HKG:883) Can Stay On Top Of Its Debt
Jan 05Recent updates
Is 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 18Here's What To Make Of CNOOC's (HKG:883) Returns On Capital
Feb 23Consider This Before Buying CNOOC Limited (HKG:883) For The 7.9% Dividend
Feb 02
CNOOC Limited (HKG:883) Shares Could Be 45% Below Their Intrinsic Value Estimate
Jan 13Would Shareholders Who Purchased CNOOC's (HKG:883) Stock Year Be Happy With The Share price Today?
Dec 23Is CNOOC (HKG:883) Likely To Turn Things Around?
Nov 24Financial Position Analysis
Short Term Liabilities: 883's short term assets (CN¥288.8B) exceed its short term liabilities (CN¥131.9B).
Long Term Liabilities: 883's short term assets (CN¥288.8B) exceed its long term liabilities (CN¥215.2B).
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 32.5% to 16% over the past 5 years.
Debt Coverage: 883's debt is well covered by operating cash flow (192.7%).
Interest Coverage: 883 earns more interest than it pays, so coverage of interest payments is not a concern.