China Oilfield Services Balance Sheet Health
Financial Health criteria checks 6/6
China Oilfield Services has a total shareholder equity of CN¥42.3B and total debt of CN¥20.6B, which brings its debt-to-equity ratio to 48.7%. Its total assets and total liabilities are CN¥83.2B and CN¥41.0B respectively. China Oilfield Services's EBIT is CN¥4.8B making its interest coverage ratio 8.1. It has cash and short-term investments of CN¥12.7B.
Key information
48.7%
Debt to equity ratio
CN¥20.57b
Debt
Interest coverage ratio | 8.1x |
Cash | CN¥12.72b |
Equity | CN¥42.26b |
Total liabilities | CN¥40.99b |
Total assets | CN¥83.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHOL.F's short term assets (CN¥30.3B) exceed its short term liabilities (CN¥23.4B).
Long Term Liabilities: CHOL.F's short term assets (CN¥30.3B) exceed its long term liabilities (CN¥17.6B).
Debt to Equity History and Analysis
Debt Level: CHOL.F's net debt to equity ratio (18.6%) is considered satisfactory.
Reducing Debt: CHOL.F's debt to equity ratio has reduced from 67% to 48.7% over the past 5 years.
Debt Coverage: CHOL.F's debt is well covered by operating cash flow (63.7%).
Interest Coverage: CHOL.F's interest payments on its debt are well covered by EBIT (8.1x coverage).