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 |
Recent financial health updates
No updates
Recent updates
ADNOC Gas plc (ADX:ADNOCGAS) Investors Are Less Pessimistic Than Expected
Dec 19
Analysts Are Betting On ADNOC Gas plc (ADX:ADNOCGAS) With A Big Upgrade This Week
Aug 16ADNOC Gas (ADX:ADNOCGAS) Has More To Do To Multiply In Value Going Forward
Jul 24Returns On Capital At ADNOC Gas (ADX:ADNOCGAS) Have Stalled
Apr 08Financial 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 11:35 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
ADNOC Gas plc is covered by 15 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sidharth Saboo | Arqaam Capital Research Offshore S.A.L. |
| Soha Saniour | Arqaam Capital Research Offshore S.A.L. |
| Sadnan Ali | BNP Paribas Exane |