China Oil And Gas Group Balance Sheet Health
Financial Health criteria checks 2/6
China Oil And Gas Group has a total shareholder equity of HK$7.4B and total debt of HK$8.0B, which brings its debt-to-equity ratio to 107.5%. Its total assets and total liabilities are HK$20.2B and HK$12.8B respectively. China Oil And Gas Group's EBIT is HK$971.5M making its interest coverage ratio 3.4. It has cash and short-term investments of HK$3.3B.
Key information
107.5%
Debt to equity ratio
HK$8.00b
Debt
| Interest coverage ratio | 3.4x |
| Cash | HK$3.29b |
| Equity | HK$7.45b |
| Total liabilities | HK$12.75b |
| Total assets | HK$20.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLSZ.F's short term assets (HK$5.8B) exceed its short term liabilities (HK$5.8B).
Long Term Liabilities: CLSZ.F's short term assets (HK$5.8B) do not cover its long term liabilities (HK$7.0B).
Debt to Equity History and Analysis
Debt Level: CLSZ.F's net debt to equity ratio (63.2%) is considered high.
Reducing Debt: CLSZ.F's debt to equity ratio has increased from 103.3% to 107.5% over the past 5 years.
Debt Coverage: CLSZ.F's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: CLSZ.F's interest payments on its debt are well covered by EBIT (3.4x coverage).