China Oil And Gas Group Balance Sheet Health
Financial Health criteria checks 4/6
China Oil And Gas Group has a total shareholder equity of HK$7.6B and total debt of HK$7.7B, which brings its debt-to-equity ratio to 102%. Its total assets and total liabilities are HK$20.8B and HK$13.3B respectively. China Oil And Gas Group's EBIT is HK$1.0B making its interest coverage ratio 4.8. It has cash and short-term investments of HK$3.2B.
Key information
102.0%
Debt to equity ratio
HK$7.71b
Debt
| Interest coverage ratio | 4.8x |
| Cash | HK$3.25b |
| Equity | HK$7.56b |
| Total liabilities | HK$13.28b |
| Total assets | HK$20.84b |
Recent financial health updates
Does China Oil And Gas Group (HKG:603) Have A Healthy Balance Sheet?
Nov 07
We Think China Oil And Gas Group (HKG:603) Is Taking Some Risk With Its Debt
Oct 12Is China Oil And Gas Group (HKG:603) A Risky Investment?
May 03China Oil And Gas Group (HKG:603) Takes On Some Risk With Its Use Of Debt
Dec 11
Recent updates
Should You Be Adding China Oil And Gas Group (HKG:603) To Your Watchlist Today?
Dec 09Does China Oil And Gas Group (HKG:603) Have A Healthy Balance Sheet?
Nov 07China Oil And Gas Group (HKG:603) Is Looking To Continue Growing Its Returns On Capital
Sep 30China Oil And Gas Group (HKG:603) Shareholders Will Want The ROCE Trajectory To Continue
May 12Here's What To Make Of China Oil And Gas Group's (HKG:603) Decelerating Rates Of Return
Dec 31We Think China Oil And Gas Group (HKG:603) Is Taking Some Risk With Its Debt
Oct 12Returns At China Oil And Gas Group (HKG:603) Appear To Be Weighed Down
Sep 10The Returns On Capital At China Oil And Gas Group (HKG:603) Don't Inspire Confidence
Jun 07Is China Oil And Gas Group (HKG:603) A Risky Investment?
May 03Does China Oil And Gas Group (HKG:603) Deserve A Spot On Your Watchlist?
Feb 22Can China Oil And Gas Group (HKG:603) Continue To Grow Its Returns On Capital?
Jan 24Does China Oil And Gas Group's (HKG:603) CEO Salary Compare Well With The Performance Of The Company?
Dec 29China Oil And Gas Group (HKG:603) Takes On Some Risk With Its Use Of Debt
Dec 11Did You Miss China Oil And Gas Group's (HKG:603) 69% Share Price Gain?
Nov 23Financial Position Analysis
Short Term Liabilities: 603's short term assets (HK$5.8B) do not cover its short term liabilities (HK$8.6B).
Long Term Liabilities: 603's short term assets (HK$5.8B) exceed its long term liabilities (HK$4.6B).
Debt to Equity History and Analysis
Debt Level: 603's net debt to equity ratio (59.1%) is considered high.
Reducing Debt: 603's debt to equity ratio has reduced from 110.8% to 102% over the past 5 years.
Debt Coverage: 603's debt is well covered by operating cash flow (33.3%).
Interest Coverage: 603's interest payments on its debt are well covered by EBIT (4.8x coverage).