Petrolimex Petrochemical Corporation - Balance Sheet Health
Financial Health criteria checks 2/6
Petrolimex Petrochemical - has a total shareholder equity of ₫1,233.6B and total debt of ₫1,864.7B, which brings its debt-to-equity ratio to 151.2%. Its total assets and total liabilities are ₫4,151.7B and ₫2,918.1B respectively. Petrolimex Petrochemical -'s EBIT is ₫124.4B making its interest coverage ratio 2.1. It has cash and short-term investments of ₫677.8B.
Key information
151.2%
Debt to equity ratio
₫1.86t
Debt
| Interest coverage ratio | 2.1x |
| Cash | ₫677.81b |
| Equity | ₫1.23t |
| Total liabilities | ₫2.92t |
| Total assets | ₫4.15t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLC's short term assets (₫3,306.0B) exceed its short term liabilities (₫2,902.1B).
Long Term Liabilities: PLC's short term assets (₫3,306.0B) exceed its long term liabilities (₫15.9B).
Debt to Equity History and Analysis
Debt Level: PLC's net debt to equity ratio (96.2%) is considered high.
Reducing Debt: PLC's debt to equity ratio has increased from 135.5% to 151.2% over the past 5 years.
Debt Coverage: PLC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PLC's interest payments on its debt are not well covered by EBIT (2.1x coverage).