PetroVietnam General Services Balance Sheet Health
Financial Health criteria checks 3/6
PetroVietnam General Services has a total shareholder equity of ₫2,186.6B and total debt of ₫6,241.7B, which brings its debt-to-equity ratio to 285.5%. Its total assets and total liabilities are ₫10,424.4B and ₫8,237.9B respectively. PetroVietnam General Services's EBIT is ₫164.2B making its interest coverage ratio -0.3. It has cash and short-term investments of ₫3,580.0B.
Key information
285.5%
Debt to equity ratio
₫6.24t
Debt
Interest coverage ratio | -0.3x |
Cash | ₫3.58t |
Equity | ₫2.19t |
Total liabilities | ₫8.24t |
Total assets | ₫10.42t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PET's short term assets (₫9,226.8B) exceed its short term liabilities (₫8,177.3B).
Long Term Liabilities: PET's short term assets (₫9,226.8B) exceed its long term liabilities (₫60.6B).
Debt to Equity History and Analysis
Debt Level: PET's net debt to equity ratio (121.7%) is considered high.
Reducing Debt: PET's debt to equity ratio has increased from 91.2% to 285.5% 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.