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
Is Hong Kong and China Gas (HKG:3) A Risky Investment?
Aug 19
Is Hong Kong and China Gas (HKG:3) Using Too Much Debt?
Apr 09We Think Hong Kong and China Gas (HKG:3) Is Taking Some Risk With Its Debt
Dec 17Hong Kong and China Gas (HKG:3) Takes On Some Risk With Its Use Of Debt
Sep 11Hong Kong and China Gas (HKG:3) Takes On Some Risk With Its Use Of Debt
Mar 19Does Hong Kong and China Gas (HKG:3) Have A Healthy Balance Sheet?
Dec 14Recent updates
Is 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 13We Think Hong Kong and China Gas (HKG:3) Is Taking Some Risk With Its Debt
Dec 17The Hong Kong and China Gas Company Limited's (HKG:3) Intrinsic Value Is Potentially 83% Above Its Share Price
Nov 14Investors Met With Slowing Returns on Capital At Hong Kong and China Gas (HKG:3)
Oct 30Hong Kong and China Gas (HKG:3) Takes On Some Risk With Its Use Of Debt
Sep 11Hong Kong and China Gas (HKG:3) Has Affirmed Its Dividend Of HK$0.12
Aug 17A Look At The Fair Value Of The Hong Kong and China Gas Company Limited (HKG:3)
Aug 13Slowing Rates Of Return At Hong Kong and China Gas (HKG:3) Leave Little Room For Excitement
Jul 25Is The Hong Kong and China Gas Company Limited (HKG:3) Worth HK$7.6 Based On Its Intrinsic Value?
May 11Hong Kong and China Gas (HKG:3) Is Due To Pay A Dividend Of HK$0.23
Apr 04Hong Kong and China Gas (HKG:3) Is Due To Pay A Dividend Of HK$0.23
Mar 20Hong Kong and China Gas (HKG:3) Takes On Some Risk With Its Use Of Debt
Mar 19The Returns At Hong Kong and China Gas (HKG:3) Aren't Growing
Feb 12Does Hong Kong and China Gas (HKG:3) Have A Healthy Balance Sheet?
Dec 14Estimating The Intrinsic Value Of The Hong Kong and China Gas Company Limited (HKG:3)
Nov 30Returns At Hong Kong and China Gas (HKG:3) Appear To Be Weighed Down
Nov 01Is Hong Kong and China Gas (HKG:3) A Risky Investment?
Sep 11An Intrinsic Calculation For The Hong Kong and China Gas Company Limited (HKG:3) Suggests It's 26% Undervalued
Aug 15Return Trends At Hong Kong and China Gas (HKG:3) Aren't Appealing
Jul 31A Look At The Intrinsic Value Of The Hong Kong and China Gas Company Limited (HKG:3)
May 11Hong Kong and China Gas (HKG:3) Has Some Way To Go To Become A Multi-Bagger
Apr 28Hong Kong and China Gas (HKG:3) Takes On Some Risk With Its Use Of Debt
Apr 14Slowing Rates Of Return At Hong Kong and China Gas (HKG:3) Leave Little Room For Excitement
Jan 19Is The Hong Kong and China Gas Company Limited (HKG:3) Expensive For A Reason? A Look At Its Intrinsic Value
Dec 29Hong Kong and China Gas (HKG:3) Seems To Use Debt Quite Sensibly
Dec 14Hong Kong and China Gas (HKG:3) Has More To Do To Multiply In Value Going Forward
Oct 03Hong Kong and China Gas (HKG:3) Seems To Use Debt Quite Sensibly
Sep 15Hong Kong and China Gas (HKG:3) Has Re-Affirmed Its Dividend Of HK$0.12
Aug 22Returns On Capital At Hong Kong and China Gas (HKG:3) Have Stalled
May 27These 4 Measures Indicate That Hong Kong and China Gas (HKG:3) Is Using Debt Reasonably Well
Mar 30Factors Income Investors Should Consider Before Adding The Hong Kong and China Gas Company Limited (HKG:3) To Their Portfolio
Mar 17The Hong Kong and China Gas Company Limited (HKG:3) Insiders Increased Their Holdings
Feb 24Weak Financial Prospects Seem To Be Dragging Down The Hong Kong and China Gas Company Limited (HKG:3) Stock
Feb 08Did You Miss Hong Kong and China Gas' (HKG:3) 26% Share Price Gain?
Jan 26
Our Take On The Returns On Capital At Hong Kong and China Gas (HKG:3)
Jan 11Hong Kong and China Gas (HKG:3) Has A Pretty Healthy Balance Sheet
Dec 27A Look At The Intrinsic Value Of The Hong Kong and China Gas Company Limited (HKG:3)
Dec 14What Kind Of Shareholders Own The Hong Kong and China Gas Company Limited (HKG:3)?
Dec 03Financial 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 (18%).
Interest Coverage: 3's interest payments on its debt are well covered by EBIT (4.3x coverage).