ONE Gas Balance Sheet Health
Financial Health criteria checks 2/6
ONE Gas has a total shareholder equity of $2.6B and total debt of $3.0B, which brings its debt-to-equity ratio to 113%. Its total assets and total liabilities are $7.4B and $4.8B respectively. ONE Gas's EBIT is $378.6M making its interest coverage ratio 3.4. It has cash and short-term investments of $9.2M.
Key information
113.0%
Debt to equity ratio
US$2.99b
Debt
Interest coverage ratio | 3.4x |
Cash | US$9.19m |
Equity | US$2.65b |
Total liabilities | US$4.79b |
Total assets | US$7.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OGS *'s short term assets ($564.4M) do not cover its short term liabilities ($1.6B).
Long Term Liabilities: OGS *'s short term assets ($564.4M) do not cover its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: OGS *'s net debt to equity ratio (112.6%) is considered high.
Reducing Debt: OGS *'s debt to equity ratio has increased from 72.9% to 113% over the past 5 years.
Debt Coverage: OGS *'s debt is well covered by operating cash flow (28.7%).
Interest Coverage: OGS *'s interest payments on its debt are well covered by EBIT (3.4x coverage).