CNOOC Long Term Debt vs Net Debt Analysis

600938 Stock

26.18 0.16 0.61%

CNOOC financial indicator trend analysis is way more than just evaluating CNOOC Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CNOOC Limited is a good investment. Please check the relationship between CNOOC Long Term Debt and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNOOC Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Long Term Debt vs Net Debt

Long Term Debt vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CNOOC Limited Long Term Debt account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between CNOOC's Long Term Debt and Net Debt is 0.96. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Debt in the same time period over historical financial statements of CNOOC Limited, assuming nothing else is changed. The correlation between historical values of CNOOC's Long Term Debt and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of CNOOC Limited are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Long Term Debt i.e., CNOOC's Long Term Debt and Net Debt go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

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Long Term Debt

Long-term debt is a debt that CNOOC Limited has held for over one year. Long-term debt appears on CNOOC Limited balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on CNOOC Limited balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from CNOOC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CNOOC Limited current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNOOC Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Issuance Of Capital Stock is expected to grow to about 38.8 B, whereas Tax Provision is forecasted to decline to about 31.1 B.

	2021	2022	2023	2024 (projected)
Interest Expense	3.2B	3.1B	2.4B	2.9B
Interest Income	1.3B	3.0B	3.4B	1.9B

Interest Expense Interest Income

CNOOC fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Long Term Investments	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets
Total Assets		-0.63	0.97	1.0	0.97	-0.9	0.97	0.84	0.91	0.99	-0.64	-0.86	0.89	-0.48	0.96	-0.84	-0.58	-0.8	-0.46	-0.83	0.96	1.0	-0.64	0.95	0.98	0.96
Other Current Liab	-0.63		-0.46	-0.67	-0.76	0.79	-0.78	-0.94	-0.69	-0.71	0.27	0.9	-0.89	0.73	-0.62	0.89	0.64	0.94	0.78	0.4	-0.44	-0.61	0.69	-0.81	-0.59	-0.44
Total Current Liabilities	0.97	-0.46		0.96	0.89	-0.83	0.91	0.72	0.85	0.93	-0.59	-0.76	0.79	-0.34	0.89	-0.7	-0.46	-0.67	-0.29	-0.81	0.96	0.97	-0.51	0.86	0.97	1.0
Total Stockholder Equity	1.0	-0.67	0.96		0.97	-0.92	0.98	0.88	0.9	0.99	-0.59	-0.88	0.92	-0.48	0.94	-0.87	-0.56	-0.83	-0.46	-0.81	0.93	0.99	-0.63	0.96	0.99	0.95
Property Plant And Equipment Net	0.97	-0.76	0.89	0.97		-0.97	0.97	0.89	0.97	0.98	-0.69	-0.95	0.92	-0.67	0.96	-0.93	-0.74	-0.91	-0.66	-0.85	0.91	0.96	-0.8	0.99	0.92	0.88
Net Debt	-0.9	0.79	-0.83	-0.92	-0.97		-0.93	-0.89	-0.98	-0.92	0.58	0.96	-0.91	0.68	-0.87	0.93	0.74	0.93	0.67	0.86	-0.81	-0.9	0.8	-0.98	-0.88	-0.82
Retained Earnings	0.97	-0.78	0.91	0.98	0.97	-0.93		0.94	0.9	0.98	-0.53	-0.94	0.97	-0.55	0.91	-0.9	-0.59	-0.9	-0.55	-0.74	0.87	0.96	-0.66	0.97	0.96	0.9
Accounts Payable	0.84	-0.94	0.72	0.88	0.89	-0.89	0.94		0.81	0.89	-0.36	-0.95	0.99	-0.62	0.79	-0.94	-0.59	-0.95	-0.65	-0.57	0.67	0.83	-0.66	0.93	0.82	0.7
Cash	0.91	-0.69	0.85	0.9	0.97	-0.98	0.9	0.81		0.92	-0.7	-0.92	0.84	-0.69	0.9	-0.89	-0.79	-0.88	-0.67	-0.92	0.86	0.9	-0.84	0.96	0.87	0.84
Non Current Assets Total	0.99	-0.71	0.93	0.99	0.98	-0.92	0.98	0.89	0.92		-0.65	-0.91	0.92	-0.56	0.97	-0.9	-0.64	-0.86	-0.55	-0.81	0.93	0.99	-0.7	0.97	0.96	0.92
Non Currrent Assets Other	-0.64	0.27	-0.59	-0.59	-0.69	0.58	-0.53	-0.36	-0.7	-0.65		0.56	-0.38	0.7	-0.81	0.53	0.83	0.53	0.64	0.7	-0.79	-0.65	0.82	-0.64	-0.5	-0.58
Long Term Debt	-0.86	0.9	-0.76	-0.88	-0.95	0.96	-0.94	-0.95	-0.92	-0.91	0.56		-0.95	0.78	-0.85	0.95	0.78	0.99	0.78	0.71	-0.75	-0.85	0.83	-0.98	-0.82	-0.74
Net Receivables	0.89	-0.89	0.79	0.92	0.92	-0.91	0.97	0.99	0.84	0.92	-0.38	-0.95		-0.57	0.82	-0.92	-0.56	-0.93	-0.59	-0.63	0.73	0.88	-0.63	0.95	0.88	0.78
Good Will	-0.48	0.73	-0.34	-0.48	-0.67	0.68	-0.55	-0.62	-0.69	-0.56	0.7	0.78	-0.57		-0.63	0.69	0.97	0.82	0.99	0.45	-0.47	-0.47	0.96	-0.69	-0.34	-0.3
Common Stock Shares Outstanding	0.96	-0.62	0.89	0.94	0.96	-0.87	0.91	0.79	0.9	0.97	-0.81	-0.85	0.82	-0.63		-0.85	-0.73	-0.81	-0.61	-0.82	0.96	0.96	-0.78	0.94	0.88	0.88
Short Term Investments	-0.84	0.89	-0.7	-0.87	-0.93	0.93	-0.9	-0.94	-0.89	-0.9	0.53	0.95	-0.92	0.69	-0.85		0.71	0.95	0.73	0.75	-0.71	-0.84	0.79	-0.95	-0.8	-0.68
Non Current Liabilities Total	-0.58	0.64	-0.46	-0.56	-0.74	0.74	-0.59	-0.59	-0.79	-0.64	0.83	0.78	-0.56	0.97	-0.73	0.71		0.8	0.94	0.62	-0.61	-0.57	0.99	-0.74	-0.44	-0.43
Capital Lease Obligations	-0.8	0.94	-0.67	-0.83	-0.91	0.93	-0.9	-0.95	-0.88	-0.86	0.53	0.99	-0.93	0.82	-0.81	0.95	0.8		0.84	0.64	-0.68	-0.79	0.85	-0.95	-0.75	-0.65
Inventory	-0.46	0.78	-0.29	-0.46	-0.66	0.67	-0.55	-0.65	-0.67	-0.55	0.64	0.78	-0.59	0.99	-0.61	0.73	0.94	0.84		0.41	-0.42	-0.45	0.94	-0.69	-0.33	-0.26
Other Current Assets	-0.83	0.4	-0.81	-0.81	-0.85	0.86	-0.74	-0.57	-0.92	-0.81	0.7	0.71	-0.63	0.45	-0.82	0.75	0.62	0.64	0.41		-0.84	-0.84	0.68	-0.81	-0.81	-0.82
Total Liab	0.96	-0.44	0.96	0.93	0.91	-0.81	0.87	0.67	0.86	0.93	-0.79	-0.75	0.73	-0.47	0.96	-0.71	-0.61	-0.68	-0.42	-0.84		0.96	-0.65	0.87	0.91	0.95
Net Invested Capital	1.0	-0.61	0.97	0.99	0.96	-0.9	0.96	0.83	0.9	0.99	-0.65	-0.85	0.88	-0.47	0.96	-0.84	-0.57	-0.79	-0.45	-0.84	0.96		-0.64	0.94	0.98	0.96
Long Term Investments	-0.64	0.69	-0.51	-0.63	-0.8	0.8	-0.66	-0.66	-0.84	-0.7	0.82	0.83	-0.63	0.96	-0.78	0.79	0.99	0.85	0.94	0.68	-0.65	-0.64		-0.8	-0.51	-0.48
Property Plant And Equipment Gross	0.95	-0.81	0.86	0.96	0.99	-0.98	0.97	0.93	0.96	0.97	-0.64	-0.98	0.95	-0.69	0.94	-0.95	-0.74	-0.95	-0.69	-0.81	0.87	0.94	-0.8		0.91	0.85
Short Long Term Debt	0.98	-0.59	0.97	0.99	0.92	-0.88	0.96	0.82	0.87	0.96	-0.5	-0.82	0.88	-0.34	0.88	-0.8	-0.44	-0.75	-0.33	-0.81	0.91	0.98	-0.51	0.91		0.97
Total Current Assets	0.96	-0.44	1.0	0.95	0.88	-0.82	0.9	0.7	0.84	0.92	-0.58	-0.74	0.78	-0.3	0.88	-0.68	-0.43	-0.65	-0.26	-0.82	0.95	0.96	-0.48	0.85	0.97

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Other Information on Investing in CNOOC Stock

Balance Sheet is a snapshot of the financial position of CNOOC Limited at a specified time, usually calculated after every quarter, six months, or one year. CNOOC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CNOOC and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which CNOOC currently owns. An asset can also be divided into two categories, current and non-current.

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CNOOC Long Term Debt vs Net Debt Analysis

Long Term Debt vs Net Debt

Long Term Debt vs Net Debt Correlation Analysis

Correlation Coefficient

Long Term Debt

Net Debt

CNOOC fundamental ratios Correlations

CNOOC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in CNOOC Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Net Invested Capital	+ 0.99	Total Stockholder Equity

Property Plant And Equipment Gross	- 0.98	Long Term Debt
Property Plant And Equipment Gross	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Net Debt	- 0.97	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.95	Capital Lease Obligations
Property Plant And Equipment Gross	- 0.95	Short Term Investments