China Gas Holdings Balance Sheet Health
Financial Health criteria checks 2/6
China Gas Holdings has a total shareholder equity of HK$60.7B and total debt of HK$59.1B, which brings its debt-to-equity ratio to 97.3%. Its total assets and total liabilities are HK$148.7B and HK$88.0B respectively. China Gas Holdings's EBIT is HK$5.6B making its interest coverage ratio 3.2. It has cash and short-term investments of HK$8.2B.
Key information
97.3%
Debt to equity ratio
HK$59.09b
Debt
| Interest coverage ratio | 3.2x |
| Cash | HK$8.16b |
| Equity | HK$60.75b |
| Total liabilities | HK$87.95b |
| Total assets | HK$148.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EBZ0's short term assets (HK$45.2B) do not cover its short term liabilities (HK$50.4B).
Long Term Liabilities: EBZ0's short term assets (HK$45.2B) exceed its long term liabilities (HK$37.6B).
Debt to Equity History and Analysis
Debt Level: EBZ0's net debt to equity ratio (83.8%) is considered high.
Reducing Debt: EBZ0's debt to equity ratio has increased from 93% to 97.3% over the past 5 years.
Debt Coverage: EBZ0's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: EBZ0's interest payments on its debt are well covered by EBIT (3.2x coverage).