Sinopec Oilfield Service Balance Sheet Health
Financial Health criteria checks 3/6
Sinopec Oilfield Service has a total shareholder equity of CN¥8.4B and total debt of CN¥21.0B, which brings its debt-to-equity ratio to 250.3%. Its total assets and total liabilities are CN¥74.6B and CN¥66.2B respectively. Sinopec Oilfield Service's EBIT is CN¥1.2B making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥1.9B.
Key information
250.3%
Debt to equity ratio
CN¥21.00b
Debt
Interest coverage ratio | 1.6x |
Cash | CN¥1.85b |
Equity | CN¥8.39b |
Total liabilities | CN¥66.25b |
Total assets | CN¥74.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: YZCF.F's short term assets (CN¥40.1B) do not cover its short term liabilities (CN¥65.1B).
Long Term Liabilities: YZCF.F's short term assets (CN¥40.1B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: YZCF.F's net debt to equity ratio (228.2%) is considered high.
Reducing Debt: YZCF.F's debt to equity ratio has reduced from 317.1% to 250.3% over the past 5 years.
Debt Coverage: YZCF.F's debt is well covered by operating cash flow (25.4%).
Interest Coverage: YZCF.F's interest payments on its debt are not well covered by EBIT (1.6x coverage).