China Resources Gas Group Balance Sheet Health
Financial Health criteria checks 5/6
China Resources Gas Group has a total shareholder equity of HK$63.4B and total debt of HK$22.7B, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are HK$137.9B and HK$74.5B respectively. China Resources Gas Group's EBIT is HK$7.0B making its interest coverage ratio 12.7. It has cash and short-term investments of HK$10.0B.
Key information
35.9%
Debt to equity ratio
HK$22.72b
Debt
Interest coverage ratio | 12.7x |
Cash | HK$9.98b |
Equity | HK$63.38b |
Total liabilities | HK$74.49b |
Total assets | HK$137.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1193's short term assets (HK$35.5B) do not cover its short term liabilities (HK$51.1B).
Long Term Liabilities: 1193's short term assets (HK$35.5B) exceed its long term liabilities (HK$23.4B).
Debt to Equity History and Analysis
Debt Level: 1193's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: 1193's debt to equity ratio has reduced from 39.7% to 35.9% over the past 5 years.
Debt Coverage: 1193's debt is well covered by operating cash flow (40.1%).
Interest Coverage: 1193's interest payments on its debt are well covered by EBIT (12.7x coverage).