ADNOC Gas Balance Sheet Health
Financial Health criteria checks 5/6
ADNOC Gas has a total shareholder equity of $22.3B and total debt of $500.0M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are $29.0B and $6.7B respectively. ADNOC Gas's EBIT is $5.2B making its interest coverage ratio -514.5. 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 | -514.5x |
Cash | US$3.33b |
Equity | US$22.29b |
Total liabilities | US$6.73b |
Total assets | US$29.02b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ADNOCGAS's short term assets ($6.3B) exceed its short term liabilities ($3.8B).
Long Term Liabilities: ADNOCGAS's short term assets ($6.3B) exceed its long term liabilities ($2.9B).
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 (864%).
Interest Coverage: ADNOCGAS earns more interest than it pays, so coverage of interest payments is not a concern.