Towngas Smart Energy Balance Sheet Health
Financial Health criteria checks 0/6
Towngas Smart Energy has a total shareholder equity of HK$23.7B and total debt of HK$21.3B, which brings its debt-to-equity ratio to 89.6%. Its total assets and total liabilities are HK$54.6B and HK$30.9B respectively. Towngas Smart Energy's EBIT is HK$1.5B making its interest coverage ratio 2.3. It has cash and short-term investments of HK$4.3B.
Key information
89.6%
Debt to equity ratio
HK$21.26b
Debt
| Interest coverage ratio | 2.3x |
| Cash | HK$4.25b |
| Equity | HK$23.72b |
| Total liabilities | HK$30.92b |
| Total assets | HK$54.63b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGAS.F's short term assets (HK$13.1B) do not cover its short term liabilities (HK$16.6B).
Long Term Liabilities: TGAS.F's short term assets (HK$13.1B) do not cover its long term liabilities (HK$14.4B).
Debt to Equity History and Analysis
Debt Level: TGAS.F's net debt to equity ratio (71.7%) is considered high.
Reducing Debt: TGAS.F's debt to equity ratio has increased from 54.3% to 89.6% over the past 5 years.
Debt Coverage: TGAS.F's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: TGAS.F's interest payments on its debt are not well covered by EBIT (2.3x coverage).