CNOOC Ltd. (CEO) | Long-term Debt and Solvency Analysis
Solvency ratios also known as long-term debt ratios measure a company's ability to meet long-term obligations.
Ratios (Summary)
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CNOOC Ltd., debt and solvency ratios
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | ||
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| Debt to equity | |
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| Debt to capital | |
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| Interest coverage | |
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Source: Based on data from CNOOC Ltd. Annual Reports
| Ratio | Description | The company |
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| Debt-to-equity ratio | A solvency ratio calculated as total debt divided by total shareholders' equity. | CNOOC Ltd.'s debt-to-equity ratio improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
| Debt-to-capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders' equity. | CNOOC Ltd.'s debt-to-capital ratio improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | CNOOC Ltd.'s interest coverage ratio improved from 2010 to 2011 and from 2011 to 2012. |
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Debt to Equity
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| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | ||
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| Selected Financial Data (USD $ in millions, translated from CNY ¥) | ||||||
| Current loans and borrowings | |
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| Non-current loans and borrowings | |
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| Total debt | |
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| Equity attributable to owners of the parent | |
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| Debt to Equity, Comparison to Industry | ||||||
| CNOOC Ltd.1 | |
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| Industry, Oil & Gas | |
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Source: Based on data from CNOOC Ltd. Annual Reports
2012 Calculations
1 Debt to equity = Total debt ÷ Equity attributable to owners of the parent
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Debt-to-equity ratio | A solvency ratio calculated as total debt divided by total shareholders' equity. | CNOOC Ltd.'s debt-to-equity ratio improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
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Debt to Capital
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| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions, translated from CNY ¥) | ||||||
| Current loans and borrowings | |
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| Non-current loans and borrowings | |
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| Total debt | |
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| Equity attributable to owners of the parent | |
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| Total capital | |
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| Debt to Capital, Comparison to Industry | ||||||
| CNOOC Ltd.1 | |
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| Industry, Oil & Gas | |
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Source: Based on data from CNOOC Ltd. Annual Reports
2012 Calculations
1 Debt to capital = Total debt ÷ Total capital
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Debt-to-capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders' equity. | CNOOC Ltd.'s debt-to-capital ratio improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
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Interest Coverage
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| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions, translated from CNY ¥) | ||||||
| Profit for the year attributable to owners of the parent | |
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| Add: Borrowing costs, less amount capitalized in property, plant and equipment | |
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| Add: Income tax expense (benefit) | |
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| Earnings before interest and tax (EBIT) | |
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| Interest Coverage, Comparison to Industry | ||||||
| CNOOC Ltd.1 | |
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| Industry, Oil & Gas | |
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Source: Based on data from CNOOC Ltd. Annual Reports
2012 Calculations
1 Interest coverage = EBIT ÷ Interest expense
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | CNOOC Ltd.'s interest coverage ratio improved from 2010 to 2011 and from 2011 to 2012. |
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