PetroChina Balance Sheet Health
Financial Health criteria checks 6/6
PetroChina has a total shareholder equity of CN¥1,495.8B and total debt of CN¥335.7B, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are CN¥2,772.6B and CN¥1,276.9B respectively. PetroChina's EBIT is CN¥243.0B making its interest coverage ratio 5.7. It has cash and short-term investments of CN¥246.2B.
Key information
22.4%
Debt to equity ratio
CN¥335.71b
Debt
| Interest coverage ratio | 5.7x |
| Cash | CN¥246.24b |
| Equity | CN¥1.50t |
| Total liabilities | CN¥1.28t |
| Total assets | CN¥2.77t |
Recent financial health updates
Recent updates
PetroChina: Investors Are Paid To Wait In This Inexpensive Global Energy Player
Sep 09PetroChina GAAP EPS of RMB0.45, revenue of RMB1.6T
Aug 25PetroChina intends to voluntarily delist its ADS from NYSE
Aug 12PetroChina Company Is Planning To Reduce Capex And Increase Renewables
May 26PetroChina: An Immensely Undervalued Stock For Those Seeking An Oil Play
Mar 07PetroChina: 10% Yield And Bullish 2022 Oil Outlook, Clouded By Geopolitical Risks
Dec 31PetroChina Is A Great Energy Play
Nov 23PetroChina: A Surprisingly Solid 7% Yield Ruined By Too Much Geopolitical Risk
Oct 04PetroChina: A Steal At 6 Times Forward Earnings
Aug 04PetroChina Has Become Attractive After Its Recent Correction
Jul 20PetroChina: Q1 2021 Earnings Boosted By One-Off Factors
May 04PetroChina strikes gas in China's Junggar Basin
Dec 21PetroChina: A Mixed View On Pipeline Asset Spin-Off
Nov 03Financial Position Analysis
Short Term Liabilities: PTRC.Y's short term assets (CN¥752.6B) exceed its short term liabilities (CN¥752.2B).
Long Term Liabilities: PTRC.Y's short term assets (CN¥752.6B) exceed its long term liabilities (CN¥524.7B).
Debt to Equity History and Analysis
Debt Level: PTRC.Y's net debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: PTRC.Y's debt to equity ratio has reduced from 35.6% to 22.4% over the past 5 years.
Debt Coverage: PTRC.Y's debt is well covered by operating cash flow (125.6%).
Interest Coverage: PTRC.Y's interest payments on its debt are well covered by EBIT (5.7x coverage).