China Resources Gas Group Balance Sheet Health
Financial Health criteria checks 4/6
China Resources Gas Group has a total shareholder equity of HK$64.9B and total debt of HK$28.3B, which brings its debt-to-equity ratio to 43.5%. Its total assets and total liabilities are HK$139.7B and HK$74.8B respectively. China Resources Gas Group's EBIT is HK$7.7B making its interest coverage ratio 11.6. It has cash and short-term investments of HK$12.3B.
Key information
43.5%
Debt to equity ratio
HK$28.26b
Debt
| Interest coverage ratio | 11.6x |
| Cash | HK$12.26b |
| Equity | HK$64.90b |
| Total liabilities | HK$74.78b |
| Total assets | HK$139.69b |
Recent financial health updates
Recent updates
China Resources Gas Group (HKG:1193) Could Be Struggling To Allocate Capital
Nov 22
Does China Resources Gas Group (HKG:1193) Have A Healthy Balance Sheet?
Nov 05Why China Resources Gas Group's (HKG:1193) Shaky Earnings Are Just The Beginning Of Its Problems
Oct 04China Resources Gas Group Limited's (HKG:1193) Business Is Trailing The Market But Its Shares Aren't
Sep 25China Resources Gas Group (HKG:1193) Is Reinvesting At Lower Rates Of Return
Jul 29Why China Resources Gas Group Limited (HKG:1193) Could Be Worth Watching
Jun 27China Resources Gas Group's (HKG:1193) Shareholders Will Receive A Bigger Dividend Than Last Year
May 25China Resources Gas Group (HKG:1193) Will Pay A Larger Dividend Than Last Year At HK$1.01
Apr 25China Resources Gas Group (HKG:1193) Will Pay A Larger Dividend Than Last Year At HK$1.01
Mar 31Are Investors Undervaluing China Resources Gas Group Limited (HKG:1193) By 47%?
Jan 30The Returns On Capital At China Resources Gas Group (HKG:1193) Don't Inspire Confidence
Jan 08Financial Position Analysis
Short Term Liabilities: 1193's short term assets (HK$36.5B) do not cover its short term liabilities (HK$57.1B).
Long Term Liabilities: 1193's short term assets (HK$36.5B) exceed its long term liabilities (HK$17.7B).
Debt to Equity History and Analysis
Debt Level: 1193's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: 1193's debt to equity ratio has increased from 40.9% to 43.5% over the past 5 years.
Debt Coverage: 1193's debt is well covered by operating cash flow (34.2%).
Interest Coverage: 1193's interest payments on its debt are well covered by EBIT (11.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 13:44 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
China Resources Gas Group Limited is covered by 55 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ying Lou | Barclays |
| Daisy Zhang | BNP Paribas Securities (Asia) |
| Cho Ming Lau | BOCI Research Ltd. |