The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Corning Natural Gas Holding Financial Health

How is Corning Natural Gas Holding's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

Financial Position Analysis

Short Term Liabilities: CNIG.P's short term assets ($15.1M) do not cover its short term liabilities ($29.8M).

Long Term Liabilities: CNIG.P's short term assets ($15.1M) do not cover its long term liabilities ($80.8M).

Debt Level: CNIG.P's net debt to equity ratio (189.2%) is considered high.

Reducing Debt: CNIG.P's debt to equity ratio has increased from 116.6% to 190% over the past 5 years.

Debt Coverage: CNIG.P's debt is not well covered by operating cash flow (4.5%).

Interest Coverage: CNIG.P's interest payments on its debt are not well covered by EBIT (1.8x coverage).