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
No updates
Recent updates
Financial 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).