PetroChina Balance Sheet Health
Financial Health criteria checks 5/6
PetroChina has a total shareholder equity of CN¥1,630.4B and total debt of CN¥292.0B, which brings its debt-to-equity ratio to 17.9%. Its total assets and total liabilities are CN¥2,752.4B and CN¥1,122.1B respectively. PetroChina's EBIT is CN¥249.0B making its interest coverage ratio 15.8. It has cash and short-term investments of CN¥285.5B.
Key information
17.9%
Debt to equity ratio
CN¥291.98b
Debt
Interest coverage ratio | 15.8x |
Cash | CN¥285.48b |
Equity | CN¥1.63t |
Total liabilities | CN¥1.12t |
Total assets | CN¥2.75t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 857's short term assets (CN¥658.5B) do not cover its short term liabilities (CN¥689.0B).
Long Term Liabilities: 857's short term assets (CN¥658.5B) exceed its long term liabilities (CN¥433.1B).
Debt to Equity History and Analysis
Debt Level: 857's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: 857's debt to equity ratio has reduced from 29.4% to 17.9% over the past 5 years.
Debt Coverage: 857's debt is well covered by operating cash flow (156.4%).
Interest Coverage: 857's interest payments on its debt are well covered by EBIT (15.8x coverage).