ADNOC Gas Balance Sheet Health
Financial Health criteria checks 5/6
ADNOC Gas has a total shareholder equity of $22.6B and total debt of $500.0M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are $29.4B and $6.9B respectively. ADNOC Gas's EBIT is $6.3B making its interest coverage ratio -65.5. It has cash and short-term investments of $3.3B.
Key information
2.2%
Debt to equity ratio
US$500.00m
Debt
| Interest coverage ratio | -65.5x |
| Cash | US$3.32b |
| Equity | US$22.58b |
| Total liabilities | US$6.87b |
| Total assets | US$29.45b |
Financial Position Analysis
Short Term Liabilities: ADNOCGAS's short term assets ($5.8B) exceed its short term liabilities ($3.9B).
Long Term Liabilities: ADNOCGAS's short term assets ($5.8B) exceed its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: ADNOCGAS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if ADNOCGAS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ADNOCGAS's debt is well covered by operating cash flow (1008.2%).
Interest Coverage: ADNOCGAS earns more interest than it pays, so coverage of interest payments is not a concern.