China Gas Holdings Balance Sheet Health
Financial Health criteria checks 3/6
China Gas Holdings has a total shareholder equity of HK$61.3B and total debt of HK$55.4B, which brings its debt-to-equity ratio to 90.4%. Its total assets and total liabilities are HK$149.4B and HK$88.0B respectively. China Gas Holdings's EBIT is HK$4.9B making its interest coverage ratio 2.8. It has cash and short-term investments of HK$11.0B.
Key information
90.4%
Debt to equity ratio
HK$55.43b
Debt
Interest coverage ratio | 2.8x |
Cash | HK$11.01b |
Equity | HK$61.32b |
Total liabilities | HK$88.04b |
Total assets | HK$149.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGHL.Y's short term assets (HK$48.4B) do not cover its short term liabilities (HK$52.1B).
Long Term Liabilities: CGHL.Y's short term assets (HK$48.4B) exceed its long term liabilities (HK$35.9B).
Debt to Equity History and Analysis
Debt Level: CGHL.Y's net debt to equity ratio (72.4%) is considered high.
Reducing Debt: CGHL.Y's debt to equity ratio has reduced from 95.4% to 90.4% over the past 5 years.
Debt Coverage: CGHL.Y's debt is well covered by operating cash flow (23.2%).
Interest Coverage: CGHL.Y's interest payments on its debt are not well covered by EBIT (2.8x coverage).