CNOOC Limited (NC2B) Ratios
CNOOC Limited Ratios
DE:NC2B's free cash flow for Q2 2026 was $88.26B. For the 2026 fiscal year, DE:NC2B's free cash flow was decreased by $-53.38B and operating cash flow was $144.18B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 3.24 | 2.23 | 2.02 | 2.33 | 2.21 |
| Quick Ratio | 3.17 | 2.18 | 1.97 | 2.28 | 2.15 |
| Cash Ratio | 0.86 | 1.30 | 1.08 | 1.07 | 0.44 |
| Solvency Ratio | 0.69 | 0.69 | 0.58 | 0.62 | 0.44 |
| Operating Cash Flow Ratio | 2.25 | 1.86 | 1.72 | 1.81 | 1.57 |
| Short-Term Operating Cash Flow Coverage | 157.17 | 11.00 | 9.74 | 9.01 | 9.65 |
| Net Current Asset Value | $ 2.01B | $ -42.24B | $ -87.45B | $ -65.97B | $ -96.61B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.06 | 0.09 | 0.12 | 0.14 | 0.17 |
| Debt-to-Equity Ratio | 0.09 | 0.12 | 0.18 | 0.23 | 0.28 |
| Debt-to-Capital Ratio | 0.08 | 0.11 | 0.15 | 0.18 | 0.22 |
| Long-Term Debt-to-Capital Ratio | 0.07 | 0.08 | 0.12 | 0.15 | 0.19 |
| Financial Leverage Ratio | 1.37 | 1.41 | 1.51 | 1.56 | 1.64 |
| Debt Service Coverage Ratio | 52.92 | 8.02 | 6.86 | 7.22 | 6.14 |
| Interest Coverage Ratio | 66.77 | 31.28 | 31.45 | 32.33 | 15.98 |
| Debt to Market Cap | 0.07 | 0.10 | 0.19 | 0.31 | 0.44 |
| Interest Debt Per Share | 1.52 | 2.06 | 2.64 | 3.03 | 3.16 |
| Net Debt to EBITDA | -0.03 | -0.24 | -0.06 | 0.05 | 0.60 |
| Profitability Margins | |||||
| Gross Profit Margin | 67.49% | 53.60% | 73.90% | 64.27% | 81.87% |
| EBIT Margin | 44.23% | 44.58% | 39.61% | 45.77% | 37.87% |
| EBITDA Margin | 63.82% | 62.23% | 56.58% | 60.37% | 63.61% |
| Operating Profit Margin | 43.54% | 45.18% | 40.27% | 44.73% | 39.00% |
| Pretax Profit Margin | 42.60% | 45.18% | 41.52% | 45.06% | 38.93% |
| Net Profit Margin | 30.66% | 32.80% | 29.73% | 32.78% | 28.57% |
| Continuous Operations Profit Margin | 30.67% | 32.81% | 29.79% | 32.78% | 28.57% |
| Net Income Per EBT | 71.97% | 72.61% | 71.60% | 72.75% | 73.39% |
| EBT Per EBIT | 97.83% | 100.01% | 103.10% | 100.75% | 99.84% |
| Return on Assets (ROA) | 11.11% | 13.06% | 12.32% | 15.25% | 8.94% |
| Return on Equity (ROE) | 15.20% | 18.45% | 18.58% | 23.73% | 14.62% |
| Return on Capital Employed (ROCE) | 17.21% | 20.26% | 19.03% | 23.70% | 13.86% |
| Return on Invested Capital (ROIC) | 12.35% | 14.38% | 13.29% | 16.73% | 10.54% |
| Return on Tangible Assets | 11.28% | 13.30% | 12.52% | 15.56% | 9.11% |
| Earnings Yield | 13.43% | 16.15% | 21.77% | 34.66% | 24.08% |
| Efficiency Ratios | |||||
| Receivables Turnover | 12.07 | 12.49 | 11.24 | 11.38 | 9.10 |
| Payables Turnover | 2.17 | 3.37 | 1.77 | 2.58 | 0.91 |
| Inventory Turnover | 21.25 | 34.04 | 16.86 | 24.75 | 7.83 |
| Fixed Asset Turnover | 0.59 | 0.65 | 0.69 | 0.80 | 0.52 |
| Asset Turnover | 0.36 | 0.40 | 0.41 | 0.47 | 0.31 |
| Working Capital Turnover Ratio | 2.28 | 3.09 | 3.00 | 3.26 | 2.43 |
| Cash Conversion Cycle | -120.78 | -68.33 | -151.90 | -94.47 | -313.52 |
| Days of Sales Outstanding | 30.23 | 29.22 | 32.46 | 32.08 | 40.11 |
| Days of Inventory Outstanding | 17.18 | 10.72 | 21.65 | 14.74 | 46.65 |
| Days of Payables Outstanding | 168.19 | 108.27 | 206.01 | 141.30 | 400.28 |
| Operating Cycle | 47.41 | 39.94 | 54.11 | 46.83 | 86.76 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 4.33 | 4.65 | 4.48 | 4.43 | 3.31 |
| Free Cash Flow Per Share | 2.04 | 2.05 | 1.94 | 2.39 | 1.47 |
| Dividend Paid and CapEx Coverage Ratio | 1.23 | 1.20 | 1.19 | 1.19 | 1.44 |
| Capital Expenditure Coverage Ratio | 1.89 | 1.79 | 1.76 | 2.17 | 1.79 |
| Operating Cash Flow Coverage Ratio | 2.94 | 2.40 | 1.78 | 1.53 | 1.09 |
| Operating Cash Flow to Sales Ratio | 0.52 | 0.53 | 0.51 | 0.48 | 0.60 |
| Free Cash Flow Yield | 10.66% | 11.42% | 16.24% | 27.11% | 22.42% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 7.44 | 6.19 | 4.59 | 2.88 | 4.15 |
| Price-to-Sales (P/S) Ratio | 2.28 | 2.03 | 1.37 | 0.95 | 1.19 |
| Price-to-Book (P/B) Ratio | 1.13 | 1.14 | 0.85 | 0.68 | 0.61 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 9.38 | 8.76 | 6.16 | 3.69 | 4.46 |
| Price-to-Operating Cash Flow Ratio | 4.42 | 3.87 | 2.67 | 1.99 | 1.97 |
| Price-to-Earnings Growth (PEG) Ratio | -0.65 | 0.54 | -0.32 | 0.03 | 0.02 |
| Enterprise Value Multiple | 3.54 | 3.02 | 2.36 | 1.62 | 2.46 |
| Enterprise Value | 900.44B | 791.63B | 555.66B | 421.80B | 385.69B |
| EV to EBITDA | 3.54 | 3.02 | 2.36 | 1.62 | 2.46 |
| EV to Sales | 2.26 | 1.88 | 1.33 | 0.98 | 1.57 |
| EV to Free Cash Flow | 9.29 | 8.12 | 6.01 | 3.81 | 5.89 |
| EV to Operating Cash Flow | 4.38 | 3.58 | 2.60 | 2.05 | 2.61 |
| Tangible Book Value Per Share | 16.60 | 15.36 | 13.69 | 12.50 | 10.46 |
| Shareholders’ Equity Per Share | 16.90 | 15.72 | 14.01 | 12.87 | 10.77 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.28 | 0.27 | 0.28 | 0.27 | 0.27 |
| Revenue Per Share | 8.38 | 8.84 | 8.76 | 9.32 | 5.51 |
| Net Income Per Share | 2.57 | 2.90 | 2.60 | 3.05 | 1.58 |
| Tax Burden | 0.72 | 0.73 | 0.72 | 0.73 | 0.73 |
| Interest Burden | 0.96 | 1.01 | 1.05 | 0.98 | 1.03 |
| Research & Development to Revenue | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 |
| SG&A to Revenue | 0.03 | 0.03 | 0.03 | 0.02 | 0.04 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.73 | 1.60 | 1.72 | 1.06 | 2.10 |
Currency in CNY
