ONE Gas Balance Sheet Health
Financial Health criteria checks 0/6
ONE Gas has a total shareholder equity of $2.8B and total debt of $3.4B, which brings its debt-to-equity ratio to 119.6%. Its total assets and total liabilities are $8.0B and $5.2B respectively. ONE Gas's EBIT is $385.2M making its interest coverage ratio 2.8. It has cash and short-term investments of $18.8M.
Key information
119.6%
Debt to equity ratio
US$3.37b
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$18.80m |
| Equity | US$2.81b |
| Total liabilities | US$5.23b |
| Total assets | US$8.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OG9's short term assets ($690.5M) do not cover its short term liabilities ($1.4B).
Long Term Liabilities: OG9's short term assets ($690.5M) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: OG9's net debt to equity ratio (119%) is considered high.
Reducing Debt: OG9's debt to equity ratio has increased from 80% to 119.6% over the past 5 years.
Debt Coverage: OG9's debt is not well covered by operating cash flow (12%).
Interest Coverage: OG9's interest payments on its debt are not well covered by EBIT (2.8x coverage).