Towngas Smart Energy Balance Sheet Health
Financial Health criteria checks 0/6
Towngas Smart Energy has a total shareholder equity of HK$24.8B and total debt of HK$18.6B, which brings its debt-to-equity ratio to 75.1%. Its total assets and total liabilities are HK$53.6B and HK$28.8B respectively. Towngas Smart Energy's EBIT is HK$1.8B making its interest coverage ratio 3. It has cash and short-term investments of HK$3.9B.
Key information
75.1%
Debt to equity ratio
HK$18.63b
Debt
| Interest coverage ratio | 3x |
| Cash | HK$3.88b |
| Equity | HK$24.79b |
| Total liabilities | HK$28.85b |
| Total assets | HK$53.64b |
Recent financial health 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$20.2B).
Long Term Liabilities: 1083's short term assets (HK$8.1B) do not cover its long term liabilities (HK$8.7B).
Debt to Equity History and Analysis
Debt Level: 1083's net debt to equity ratio (59.5%) is considered high.
Reducing Debt: 1083's debt to equity ratio has increased from 57.1% to 75.1% over the past 5 years.
Debt Coverage: 1083's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: 1083's interest payments on its debt are not well covered by EBIT (3x coverage).