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Corning Natural Gas Holding Balance Sheet Health
Financial Health criteria checks 0/6
Key information
190.0%
Debt to equity ratio
US$80.43m
Debt
Interest coverage ratio | 1.8x |
Cash | US$333.49k |
Equity | US$42.34m |
Total liabilities | US$110.58m |
Total assets | US$152.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNIG.O's short term assets ($15.1M) do not cover its short term liabilities ($29.8M).
Long Term Liabilities: CNIG.O's short term assets ($15.1M) do not cover its long term liabilities ($80.8M).
Debt to Equity History and Analysis
Debt Level: CNIG.O's net debt to equity ratio (189.2%) is considered high.
Reducing Debt: CNIG.O's debt to equity ratio has increased from 116.6% to 190% over the past 5 years.
Debt Coverage: CNIG.O's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: CNIG.O's interest payments on its debt are not well covered by EBIT (1.8x coverage).