Hong Kong and China Gas Balance Sheet Health
Financial Health criteria checks 1/6
Hong Kong and China Gas has a total shareholder equity of HK$68.0B and total debt of HK$60.8B, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are HK$160.2B and HK$92.2B respectively. Hong Kong and China Gas's EBIT is HK$7.7B making its interest coverage ratio 4.3. It has cash and short-term investments of HK$10.0B.
Key information
89.5%
Debt to equity ratio
HK$60.83b
Debt
| Interest coverage ratio | 4.3x |
| Cash | HK$9.98b |
| Equity | HK$68.00b |
| Total liabilities | HK$92.25b |
| Total assets | HK$160.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HCGS's short term assets (HK$26.1B) do not cover its short term liabilities (HK$44.3B).
Long Term Liabilities: HCGS's short term assets (HK$26.1B) do not cover its long term liabilities (HK$47.9B).
Debt to Equity History and Analysis
Debt Level: HCGS's net debt to equity ratio (74.8%) is considered high.
Reducing Debt: HCGS's debt to equity ratio has increased from 52.9% to 89.5% over the past 5 years.
Debt Coverage: HCGS's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: HCGS's interest payments on its debt are well covered by EBIT (4.3x coverage).