ONE Gas Balance Sheet Health
Financial Health criteria checks 2/6
ONE Gas has a total shareholder equity of $2.8B and total debt of $3.0B, which brings its debt-to-equity ratio to 110.2%. Its total assets and total liabilities are $7.8B and $5.0B respectively. ONE Gas's EBIT is $373.6M making its interest coverage ratio 3.2. It has cash and short-term investments of $18.8M.
Key information
110.2%
Debt to equity ratio
US$3.05b
Debt
Interest coverage ratio | 3.2x |
Cash | US$18.84m |
Equity | US$2.77b |
Total liabilities | US$5.01b |
Total assets | US$7.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OG9's short term assets ($765.2M) do not cover its short term liabilities ($1.5B).
Long Term Liabilities: OG9's short term assets ($765.2M) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: OG9's net debt to equity ratio (109.6%) is considered high.
Reducing Debt: OG9's debt to equity ratio has increased from 77.6% to 110.2% over the past 5 years.
Debt Coverage: OG9's debt is well covered by operating cash flow (30.8%).
Interest Coverage: OG9's interest payments on its debt are well covered by EBIT (3.2x coverage).