Avance Gas Holding Balance Sheet Health
Financial Health criteria checks 4/6
Avance Gas Holding has a total shareholder equity of $603.8M and total debt of $456.3M, which brings its debt-to-equity ratio to 75.6%. Its total assets and total liabilities are $1.2B and $549.8M respectively. Avance Gas Holding's EBIT is $182.6M making its interest coverage ratio 9.4. It has cash and short-term investments of $136.5M.
Key information
75.6%
Debt to equity ratio
US$456.27m
Debt
| Interest coverage ratio | 9.4x |
| Cash | US$136.47m |
| Equity | US$603.79m |
| Total liabilities | US$549.79m |
| Total assets | US$1.15b |
Recent financial health updates
Here's Why Avance Gas Holding (OB:AGAS) Can Manage Its Debt Responsibly
Oct 11
Here's Why Avance Gas Holding (OB:AGAS) Has A Meaningful Debt Burden
Aug 23Recent updates
Avance Gas Holding Ltd (OB:AGAS) Shares Fly 26% But Investors Aren't Buying For Growth
Apr 25A Look At The Fair Value Of Avance Gas Holding Ltd (OB:AGAS)
Mar 14Avance Gas Holding's (OB:AGAS) Solid Profits Have Weak Fundamentals
Feb 22What You Need To Know About The Avance Gas Holding Ltd (OB:AGAS) Analyst Downgrade Today
Feb 17Avance Gas Holding Ltd's (OB:AGAS) Share Price Is Matching Sentiment Around Its Earnings
Feb 01The Return Trends At Avance Gas Holding (OB:AGAS) Look Promising
Jan 04Brokers Are Upgrading Their Views On Avance Gas Holding Ltd (OB:AGAS) With These New Forecasts
Dec 01Here's Why Avance Gas Holding (OB:AGAS) Can Manage Its Debt Responsibly
Oct 11Returns On Capital Are Showing Encouraging Signs At Avance Gas Holding (OB:AGAS)
Sep 14Here's Why Avance Gas Holding (OB:AGAS) Has A Meaningful Debt Burden
Aug 23Financial Position Analysis
Short Term Liabilities: AGAS's short term assets ($253.8M) exceed its short term liabilities ($95.4M).
Long Term Liabilities: AGAS's short term assets ($253.8M) do not cover its long term liabilities ($454.4M).
Debt to Equity History and Analysis
Debt Level: AGAS's net debt to equity ratio (53%) is considered high.
Reducing Debt: AGAS's debt to equity ratio has reduced from 135.5% to 75.6% over the past 5 years.
Debt Coverage: AGAS's debt is well covered by operating cash flow (36.2%).
Interest Coverage: AGAS's interest payments on its debt are well covered by EBIT (9.4x coverage).