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¥1.6B and total debt of CN¥520.7M, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are CN¥2.4B and CN¥853.2M respectively. China Gas Industry Investment Holdings's EBIT is CN¥209.1M making its interest coverage ratio 11.3. It has cash and short-term investments of CN¥230.0M.
Key information
33.2%
Debt to equity ratio
CN¥520.69m
Debt
| Interest coverage ratio | 11.3x |
| Cash | CN¥229.97m |
| Equity | CN¥1.57b |
| Total liabilities | CN¥853.21m |
| Total assets | CN¥2.42b |
Recent financial health updates
Recent updates
We Think You Can Look Beyond China Gas Industry Investment Holdings' (HKG:1940) Lackluster Earnings
Oct 08
China Gas Industry Investment Holdings (HKG:1940) Has Some Way To Go To Become A Multi-Bagger
Jun 04Benign Growth For China Gas Industry Investment Holdings Co. Ltd. (HKG:1940) Underpins Stock's 27% Plummet
Apr 01Here'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¥789.5M) exceed its short term liabilities (CN¥559.9M).
Long Term Liabilities: 1940's short term assets (CN¥789.5M) exceed its long term liabilities (CN¥293.3M).
Debt to Equity History and Analysis
Debt Level: 1940's net debt to equity ratio (18.6%) is considered satisfactory.
Reducing Debt: 1940's debt to equity ratio has increased from 31.4% to 33.2% over the past 5 years.
Debt Coverage: 1940's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: 1940's interest payments on its debt are well covered by EBIT (11.3x coverage).