Hong Kong and China Gas Balance Sheet Health
Financial Health criteria checks 1/6
Hong Kong and China Gas has a total shareholder equity of HK$71.0B and total debt of HK$58.9B, which brings its debt-to-equity ratio to 83%. Its total assets and total liabilities are HK$162.0B and HK$91.0B respectively. Hong Kong and China Gas's EBIT is HK$8.1B making its interest coverage ratio 4.7. It has cash and short-term investments of HK$10.4B.
Key information
83.0%
Debt to equity ratio
HK$58.92b
Debt
Interest coverage ratio | 4.7x |
Cash | HK$10.43b |
Equity | HK$71.02b |
Total liabilities | HK$90.96b |
Total assets | HK$161.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HOKC.F's short term assets (HK$26.6B) do not cover its short term liabilities (HK$40.1B).
Long Term Liabilities: HOKC.F's short term assets (HK$26.6B) do not cover its long term liabilities (HK$50.8B).
Debt to Equity History and Analysis
Debt Level: HOKC.F's net debt to equity ratio (68.3%) is considered high.
Reducing Debt: HOKC.F's debt to equity ratio has increased from 56.7% to 83% over the past 5 years.
Debt Coverage: HOKC.F's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: HOKC.F's interest payments on its debt are well covered by EBIT (4.7x coverage).