CNOOC Balance Sheet Health

Financial Health criteria checks 6/6

CNOOC has a total shareholder equity of CN¥720.9B and total debt of CN¥83.9B, which brings its debt-to-equity ratio to 11.6%. Its total assets and total liabilities are CN¥1,075.4B and CN¥354.5B respectively. CNOOC's EBIT is CN¥185.9B making its interest coverage ratio -45.5. It has cash and short-term investments of CN¥235.5B.

Key information

11.6%

Debt to equity ratio

CN¥83.87b

Debt

Interest coverage ratio-45.5x
CashCN¥235.54b
EquityCN¥720.90b
Total liabilitiesCN¥354.50b
Total assetsCN¥1.08t

Recent financial health updates

Is CNOOC (HKG:883) A Risky Investment?

Apr 05
Is CNOOC (HKG:883) A Risky Investment?

We Think CNOOC (HKG:883) Can Stay On Top Of Its Debt

Jan 05
We Think CNOOC (HKG:883) Can Stay On Top Of Its Debt

Recent updates

Returns On Capital Are Showing Encouraging Signs At CNOOC (HKG:883)

Aug 27
Returns On Capital Are Showing Encouraging Signs At CNOOC (HKG:883)

Calculating The Fair Value Of CNOOC Limited (HKG:883)

Jul 01
Calculating The Fair Value Of CNOOC Limited (HKG:883)

CNOOC (HKG:883) Is Due To Pay A Dividend Of CN¥0.66

Jun 09
CNOOC (HKG:883) Is Due To Pay A Dividend Of CN¥0.66

CNOOC's (HKG:883) Dividend Will Be CN¥0.66

May 24
CNOOC's (HKG:883) Dividend Will Be CN¥0.66

CNOOC (HKG:883) Has Announced A Dividend Of CN¥0.66

May 10
CNOOC (HKG:883) Has Announced A Dividend Of CN¥0.66

Is CNOOC (HKG:883) A Risky Investment?

Apr 05
Is CNOOC (HKG:883) A Risky Investment?

The Market Doesn't Like What It Sees From CNOOC Limited's (HKG:883) Earnings Yet

Mar 19
The Market Doesn't Like What It Sees From CNOOC Limited's (HKG:883) Earnings Yet

Returns On Capital Are A Standout For CNOOC (HKG:883)

Mar 01
Returns On Capital Are A Standout For CNOOC (HKG:883)

We Think CNOOC (HKG:883) Can Stay On Top Of Its Debt

Jan 05
We Think CNOOC (HKG:883) Can Stay On Top Of Its Debt

Calculating The Intrinsic Value Of CNOOC Limited (HKG:883)

Dec 18
Calculating The Intrinsic Value Of CNOOC Limited (HKG:883)

Financial Position Analysis

Short Term Liabilities: 883's short term assets (CN¥297.2B) exceed its short term liabilities (CN¥166.1B).

Long Term Liabilities: 883's short term assets (CN¥297.2B) exceed its long term liabilities (CN¥188.4B).


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 11.6% over the past 5 years.

Debt Coverage: 883's debt is well covered by operating cash flow (272.7%).

Interest Coverage: 883 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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