China Oilfield Services Balance Sheet Health
Financial Health criteria checks 5/6
China Oilfield Services has a total shareholder equity of CN¥44.0B and total debt of CN¥18.3B, which brings its debt-to-equity ratio to 41.7%. Its total assets and total liabilities are CN¥82.7B and CN¥38.7B respectively. China Oilfield Services's EBIT is CN¥5.6B making its interest coverage ratio 10.8. It has cash and short-term investments of CN¥8.9B.
Key information
41.7%
Debt to equity ratio
CN¥18.33b
Debt
| Interest coverage ratio | 10.8x |
| Cash | CN¥8.88b |
| Equity | CN¥43.99b |
| Total liabilities | CN¥38.74b |
| Total assets | CN¥82.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2883's short term assets (CN¥30.0B) do not cover its short term liabilities (CN¥30.0B).
Long Term Liabilities: 2883's short term assets (CN¥30.0B) exceed its long term liabilities (CN¥8.7B).
Debt to Equity History and Analysis
Debt Level: 2883's net debt to equity ratio (21.5%) is considered satisfactory.
Reducing Debt: 2883's debt to equity ratio has reduced from 75.9% to 41.7% over the past 5 years.
Debt Coverage: 2883's debt is well covered by operating cash flow (76.1%).
Interest Coverage: 2883's interest payments on its debt are well covered by EBIT (10.8x coverage).