China Resources Gas Group Financial Health
How is China Resources Gas Group's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 2939's short term assets (HK$30.6B) do not cover its short term liabilities (HK$48.7B).
Long Term Liabilities: 2939's short term assets (HK$30.6B) exceed its long term liabilities (HK$3.4B).
Debt to Equity History and Analysis
Debt Level: 2939's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: 2939's debt to equity ratio has reduced from 54.9% to 21.5% over the past 5 years.
Debt Coverage: 2939's debt is well covered by operating cash flow (72.3%).
Interest Coverage: 2939's interest payments on its debt are well covered by EBIT (172.6x coverage).