PetroVietnam General Services Balance Sheet Health
Financial Health criteria checks 3/6
PetroVietnam General Services has a total shareholder equity of ₫2,306.0B and total debt of ₫4,566.6B, which brings its debt-to-equity ratio to 198%. Its total assets and total liabilities are ₫9,059.4B and ₫6,753.4B respectively. PetroVietnam General Services's EBIT is ₫226.3B making its interest coverage ratio -2.9. It has cash and short-term investments of ₫3,220.1B.
Key information
198.0%
Debt to equity ratio
₫4.57t
Debt
| Interest coverage ratio | -2.9x |
| Cash | ₫3.22t |
| Equity | ₫2.31t |
| Total liabilities | ₫6.75t |
| Total assets | ₫9.06t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PET's short term assets (₫7,890.8B) exceed its short term liabilities (₫6,706.4B).
Long Term Liabilities: PET's short term assets (₫7,890.8B) exceed its long term liabilities (₫47.0B).
Debt to Equity History and Analysis
Debt Level: PET's net debt to equity ratio (58.4%) is considered high.
Reducing Debt: PET's debt to equity ratio has increased from 88.9% to 198% over the past 5 years.
Debt Coverage: PET's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PET earns more interest than it pays, so coverage of interest payments is not a concern.