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Sinopec Oilfield Service (SHSE:600871) Debt-to-Asset : 0.35 (As of Sep. 2024)


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What is Sinopec Oilfield Service Debt-to-Asset?

Sinopec Oilfield Service's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥25,727 Mil. Sinopec Oilfield Service's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥391 Mil. Sinopec Oilfield Service's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was ¥75,725 Mil. Sinopec Oilfield Service's debt to asset for the quarter that ended in Sep. 2024 was 0.34.


Sinopec Oilfield Service Debt-to-Asset Historical Data

The historical data trend for Sinopec Oilfield Service's Debt-to-Asset 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.

* Premium members only.

Sinopec Oilfield Service Debt-to-Asset Chart

Sinopec Oilfield Service Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.35 0.31 0.29 0.28

Sinopec Oilfield Service Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.28 0.29 0.30 0.35

Competitive Comparison of Sinopec Oilfield Service's Debt-to-Asset

For the Oil & Gas Drilling subindustry, Sinopec Oilfield Service's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.


Sinopec Oilfield Service's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sinopec Oilfield Service's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Sinopec Oilfield Service's Debt-to-Asset falls into.



Sinopec Oilfield Service Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sinopec Oilfield Service's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(20343.556 + 635.842) / 75162.974
=0.28

Sinopec Oilfield Service's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(25727.026 + 391.49) / 75725.342
=0.34

* 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.


Sinopec Oilfield Service  (SHSE:600871) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Sinopec Oilfield Service Debt-to-Asset Related Terms

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Sinopec Oilfield Service Business Description

Traded in Other Exchanges
Address
No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728
Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.

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