China Resources Gas Group Balance Sheet Health
Financial Health criteria checks 4/6
China Resources Gas Group has a total shareholder equity of HK$57.8B and total debt of HK$35.4B, which brings its debt-to-equity ratio to 61.3%. Its total assets and total liabilities are HK$135.8B and HK$78.1B respectively. China Resources Gas Group's EBIT is HK$7.9B making its interest coverage ratio 15.1. It has cash and short-term investments of HK$18.8B.
Key information
61.3%
Debt to equity ratio
HK$35.43b
Debt
Interest coverage ratio | 15.1x |
Cash | HK$18.85b |
Equity | HK$57.78b |
Total liabilities | HK$78.05b |
Total assets | HK$135.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGAS.Y's short term assets (HK$44.0B) do not cover its short term liabilities (HK$52.0B).
Long Term Liabilities: CGAS.Y's short term assets (HK$44.0B) exceed its long term liabilities (HK$26.0B).
Debt to Equity History and Analysis
Debt Level: CGAS.Y's net debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: CGAS.Y's debt to equity ratio has increased from 40.7% to 61.3% over the past 5 years.
Debt Coverage: CGAS.Y's debt is well covered by operating cash flow (25.7%).
Interest Coverage: CGAS.Y's interest payments on its debt are well covered by EBIT (15.1x coverage).