China Petroleum & Chemical (SHSE:600028) Cash-to-Debt : 0.39 (As of Jun. 2024)

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What is China Petroleum & Chemical Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. China Petroleum & Chemical's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.39.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, China Petroleum & Chemical couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for China Petroleum & Chemical's Cash-to-Debt or its related term are showing as below:

SHSE:600028' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.46 Max: 1.25
Current: 0.39

During the past 13 years, China Petroleum & Chemical's highest Cash to Debt Ratio was 1.25. The lowest was 0.03. And the median was 0.46.

SHSE:600028's Cash-to-Debt is ranked worse than
55.83% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs SHSE:600028: 0.39

China Petroleum & Chemical Cash-to-Debt Historical Data

The historical data trend for China Petroleum & Chemical's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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China Petroleum & Chemical Cash-to-Debt Chart

China Petroleum & Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.42

0.66

0.72

0.42

0.38

China Petroleum & Chemical Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.40	0.38	0.36	0.39	N/A

Competitive Comparison of China Petroleum & Chemical's Cash-to-Debt

For the Oil & Gas Integrated subindustry, China Petroleum & Chemical's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Petroleum & Chemical's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Petroleum & Chemical's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Petroleum & Chemical's Cash-to-Debt falls into.

China Petroleum & Chemical Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

China Petroleum & Chemical's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	165761	/	(88507	+	351724)
	=	0.38

China Petroleum & Chemical's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	183612	/	(147339	+	330032)
	=	0.38

China Petroleum & Chemical (SHSE:600028) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

China Petroleum & Chemical Cash-to-Debt Related Terms

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China Petroleum & Chemical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum & Chemical Corp (SHSE:600028) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SNPMF:USA 00386:Hong Kong CHU:Germany CHU:Germany CHU:Germany

Address

No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, CHN, 100728

Website

http://www.sinopec.com

China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in terms of revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a state-owned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than peers PetroChina and CNOOC. In 2023, Sinopec's production of oil and gas equivalent was 504.09 million barrels. The firm also processed 257.52 million metric tons of crude oil.

Executives

Ling Yi Qun

senior management

China Petroleum & Chemical Headlines

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