Hong Kong and China Gas Balance Sheet Health
Financial Health criteria checks 1/6
Hong Kong and China Gas has a total shareholder equity of HK$68.0B and total debt of HK$60.8B, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are HK$160.2B and HK$92.2B respectively. Hong Kong and China Gas's EBIT is HK$7.7B making its interest coverage ratio 4.3. It has cash and short-term investments of HK$10.0B.
Key information
89.5%
Debt to equity ratio
HK$60.83b
Debt
| Interest coverage ratio | 4.3x |
| Cash | HK$9.98b |
| Equity | HK$68.00b |
| Total liabilities | HK$92.25b |
| Total assets | HK$160.25b |
Recent financial health updates
Hong Kong and China Gas (HKG:3) Has A Somewhat Strained Balance Sheet
Dec 23
Is Hong Kong and China Gas (HKG:3) A Risky Investment?
Aug 19Is Hong Kong and China Gas (HKG:3) Using Too Much Debt?
Apr 09Recent updates
Hong Kong and China Gas (HKG:3) Has A Somewhat Strained Balance Sheet
Dec 23Hong Kong and China Gas (HKG:3) Has Some Way To Go To Become A Multi-Bagger
Dec 06Some Shareholders Feeling Restless Over The Hong Kong and China Gas Company Limited's (HKG:3) P/E Ratio
Nov 15Is The Hong Kong and China Gas Company Limited (HKG:3) Worth HK$6.0 Based On Its Intrinsic Value?
Oct 31Hong Kong and China Gas' (HKG:3) Conservative Accounting Might Explain Soft Earnings
Sep 09Is Hong Kong and China Gas (HKG:3) A Risky Investment?
Aug 19Hong Kong and China Gas (HKG:3) Will Pay A Dividend Of HK$0.12
Aug 19The Hong Kong and China Gas Company Limited's (HKG:3) Business Is Yet to Catch Up With Its Share Price
Jul 11Return Trends At Hong Kong and China Gas (HKG:3) Aren't Appealing
Jun 19Hong Kong and China Gas (HKG:3) Will Pay A Dividend Of HK$0.23
Apr 24Is Hong Kong and China Gas (HKG:3) Using Too Much Debt?
Apr 09Earnings Report: The Hong Kong and China Gas Company Limited Missed Revenue Estimates By 8.2%
Mar 23Returns On Capital At Hong Kong and China Gas (HKG:3) Have Hit The Brakes
Mar 19The Hong Kong and China Gas Company Limited's (HKG:3) Share Price Could Signal Some Risk
Feb 13Financial Position Analysis
Short Term Liabilities: 3's short term assets (HK$26.1B) do not cover its short term liabilities (HK$44.3B).
Long Term Liabilities: 3's short term assets (HK$26.1B) do not cover its long term liabilities (HK$47.9B).
Debt to Equity History and Analysis
Debt Level: 3's net debt to equity ratio (74.8%) is considered high.
Reducing Debt: 3's debt to equity ratio has increased from 52.9% to 89.5% over the past 5 years.
Debt Coverage: 3's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: 3's interest payments on its debt are well covered by EBIT (4.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 00:44 |
| End of Day Share Price | 2025/01/10 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
The Hong Kong and China Gas Company Limited is covered by 33 analysts. 10 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 |
|---|---|
| Peter Yao | BOCI Research Ltd. |
| Cho Ming Lau | BOCI Research Ltd. |
| Ahmad Halim | CFRA Equity Research |