China Gas Industry Investment Holdings Balance Sheet Health
Financial Health criteria checks 4/6
China Gas Industry Investment Holdings has a total shareholder equity of CN¥1.5B and total debt of CN¥533.0M, which brings its debt-to-equity ratio to 35.2%. Its total assets and total liabilities are CN¥2.5B and CN¥959.5M respectively. China Gas Industry Investment Holdings's EBIT is CN¥191.9M making its interest coverage ratio 8.8. It has cash and short-term investments of CN¥282.3M.
Key information
35.2%
Debt to equity ratio
CN¥533.00m
Debt
| Interest coverage ratio | 8.8x |
| Cash | CN¥282.28m |
| Equity | CN¥1.51b |
| Total liabilities | CN¥959.53m |
| Total assets | CN¥2.47b |
Recent financial health updates
Recent updates
Benign Growth For China Gas Industry Investment Holdings Co. Ltd. (HKG:1940) Underpins Stock's 27% Plummet
Apr 01
Here's Why China Gas Industry Investment Holdings (HKG:1940) Can Manage Its Debt Responsibly
Mar 28China Gas Industry Investment Holdings Co. Ltd. (HKG:1940) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough
Jan 29China Gas Industry Investment Holdings Co. Ltd. (HKG:1940) Investors Are Less Pessimistic Than Expected
Aug 09Financial Position Analysis
Short Term Liabilities: 1940's short term assets (CN¥852.9M) exceed its short term liabilities (CN¥668.2M).
Long Term Liabilities: 1940's short term assets (CN¥852.9M) exceed its long term liabilities (CN¥291.3M).
Debt to Equity History and Analysis
Debt Level: 1940's net debt to equity ratio (16.6%) is considered satisfactory.
Reducing Debt: 1940's debt to equity ratio has increased from 35.2% to 35.2% over the past 5 years.
Debt Coverage: 1940's debt is not well covered by operating cash flow (13.4%).
Interest Coverage: 1940's interest payments on its debt are well covered by EBIT (8.8x coverage).