Petrolimex Petrochemical Corporation - Balance Sheet Health
Financial Health criteria checks 3/6
Petrolimex Petrochemical - has a total shareholder equity of ₫1,328.5B and total debt of ₫2,076.1B, which brings its debt-to-equity ratio to 156.3%. Its total assets and total liabilities are ₫4,202.4B and ₫2,873.9B respectively. Petrolimex Petrochemical -'s EBIT is ₫201.9B making its interest coverage ratio 3. It has cash and short-term investments of ₫735.6B.
Key information
156.3%
Debt to equity ratio
₫2.08t
Debt
Interest coverage ratio | 3x |
Cash | ₫735.60b |
Equity | ₫1.33t |
Total liabilities | ₫2.87t |
Total assets | ₫4.20t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLC's short term assets (₫3,326.0B) exceed its short term liabilities (₫2,865.5B).
Long Term Liabilities: PLC's short term assets (₫3,326.0B) exceed its long term liabilities (₫8.4B).
Debt to Equity History and Analysis
Debt Level: PLC's net debt to equity ratio (100.9%) is considered high.
Reducing Debt: PLC's debt to equity ratio has reduced from 180.3% to 156.3% 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 (3x coverage).