Companhia de Gás de São Paulo - COMGÁS Balance Sheet Health
Financial Health criteria checks 3/6
Companhia de Gás de São Paulo - COMGÁS has a total shareholder equity of R$994.1M and total debt of R$10.0B, which brings its debt-to-equity ratio to 1004.3%. Its total assets and total liabilities are R$15.4B and R$14.4B respectively. Companhia de Gás de São Paulo - COMGÁS's EBIT is R$3.1B making its interest coverage ratio -6.3. It has cash and short-term investments of R$3.4B.
Key information
1,004.3%
Debt to equity ratio
R$9.98b
Debt
| Interest coverage ratio | -6.3x |
| Cash | R$3.35b |
| Equity | R$994.05m |
| Total liabilities | R$14.39b |
| Total assets | R$15.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGAS3's short term assets (R$5.6B) exceed its short term liabilities (R$4.2B).
Long Term Liabilities: CGAS3's short term assets (R$5.6B) do not cover its long term liabilities (R$10.2B).
Debt to Equity History and Analysis
Debt Level: CGAS3's net debt to equity ratio (667.1%) is considered high.
Reducing Debt: CGAS3's debt to equity ratio has increased from 92.2% to 1004.3% over the past 5 years.
Debt Coverage: CGAS3's debt is well covered by operating cash flow (26.9%).
Interest Coverage: CGAS3 earns more interest than it pays, so coverage of interest payments is not a concern.