China Petroleum & Chemical Balance Sheet Health
Financial Health criteria checks 4/6
China Petroleum & Chemical has a total shareholder equity of CN¥973.5B and total debt of CN¥301.9B, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are CN¥2,095.6B and CN¥1,122.1B respectively. China Petroleum & Chemical's EBIT is CN¥70.0B making its interest coverage ratio 6.3. It has cash and short-term investments of CN¥169.1B.
Key information
31.0%
Debt to equity ratio
CN¥301.86b
Debt
| Interest coverage ratio | 6.3x |
| Cash | CN¥169.07b |
| Equity | CN¥973.50b |
| Total liabilities | CN¥1.12t |
| Total assets | CN¥2.10t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 386's short term assets (CN¥595.5B) do not cover its short term liabilities (CN¥695.8B).
Long Term Liabilities: 386's short term assets (CN¥595.5B) exceed its long term liabilities (CN¥426.3B).
Debt to Equity History and Analysis
Debt Level: 386's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: 386's debt to equity ratio has increased from 21.1% to 31% over the past 5 years.
Debt Coverage: 386's debt is well covered by operating cash flow (54.6%).
Interest Coverage: 386's interest payments on its debt are well covered by EBIT (6.3x coverage).