Towngas Smart Energy Balance Sheet Health
Financial Health criteria checks 0/6
Towngas Smart Energy has a total shareholder equity of HK$25.2B and total debt of HK$18.3B, which brings its debt-to-equity ratio to 72.6%. Its total assets and total liabilities are HK$53.5B and HK$28.2B respectively. Towngas Smart Energy's EBIT is HK$1.7B making its interest coverage ratio 2.6. It has cash and short-term investments of HK$4.1B.
Key information
72.6%
Debt to equity ratio
HK$18.31b
Debt
Interest coverage ratio | 2.6x |
Cash | HK$4.11b |
Equity | HK$25.23b |
Total liabilities | HK$28.23b |
Total assets | HK$53.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1083's short term assets (HK$8.1B) do not cover its short term liabilities (HK$14.4B).
Long Term Liabilities: 1083's short term assets (HK$8.1B) do not cover its long term liabilities (HK$13.8B).
Debt to Equity History and Analysis
Debt Level: 1083's net debt to equity ratio (56.3%) is considered high.
Reducing Debt: 1083's debt to equity ratio has increased from 54% to 72.6% over the past 5 years.
Debt Coverage: 1083's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: 1083's interest payments on its debt are not well covered by EBIT (2.6x coverage).