Global Gas Corporation Financials
This page shows Global Gas Corporation (HGAS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Global Gas Corporation passes 0 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Global Gas Corporation generates $10.28 in operating cash flow (-$1.3M OCF vs -$131K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Global Gas Corporation reported -$131K in net income in fiscal year 2024. This represents a decrease of 102.0% from the prior year.
Cash & Balance Sheet
Global Gas Corporation held $114K in cash against $0 in long-term debt as of fiscal year 2024.
Margins & Returns
Capital Allocation
HGAS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $33K | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $142K+297.4% | $36K-42.4% | $62K | N/A | $121K+70.5% | $71K-7.9% | $77K | N/A |
| Operating Income | -$142K-297.4% | -$36K-23.0% | -$29K | N/A | -$121K-70.5% | -$71K+7.9% | -$77K | N/A |
| Interest Expense | $1K+1.2% | $1K-70.3% | $4K | N/A | $0 | $0 | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$161K-196.0% | $168K+688.1% | -$29K | N/A | -$124K-130.6% | $405K+326.8% | -$179K | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HGAS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $59K-40.1% | $98K+28.5% | $77K-71.1% | $265K-40.1% | $442K-27.9% | $612K+82.2% | $336K-71.6% | $1.2M |
| Current Assets | $59K-40.1% | $98K+28.5% | $77K-71.1% | $265K-40.1% | $442K-27.9% | $612K+82.2% | $336K-71.6% | $1.2M |
| Cash & Equivalents | $48K-42.3% | $84K+13.2% | $74K-35.1% | $114K-40.7% | $192K-43.2% | $339K+18.2% | $287K-75.8% | $1.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $401K+2.4% | $392K-28.0% | $545K-23.4% | $711K-11.0% | $799K-5.5% | $845K-24.8% | $1.1M-41.4% | $1.9M |
| Current Liabilities | $366K-1.8% | $373K-28.5% | $522K-23.7% | $684K-5.6% | $724K-6.7% | $777K+33.0% | $584K-60.7% | $1.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$343K-16.7% | -$293K+37.3% | -$468K-4.9% | -$446K-24.9% | -$357K-53.2% | -$233K+70.4% | -$788K-7.3% | -$735K |
| Retained Earnings | -$469K-52.4% | -$307K+35.3% | -$475K-6.4% | -$447K-126.3% | -$197K-168.7% | -$73K+84.7% | -$479K-59.5% | -$300K |
HGAS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$35K-415.4% | $11K+128.5% | -$39K+49.6% | -$78K+46.6% | -$146K-49.7% | -$98K+90.4% | -$1.0M-1535.4% | -$62K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $1.1M | N/A |
| Financing Cash Flow | $0+100.0% | -$2K-112.2% | -$707-387.6% | -$145 | $0-100.0% | $150K+20.0% | $125K-90.0% | $1.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HGAS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | -88.2% | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | -86.5% | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -273.2%-443.7pp | 170.5%+207.8pp | -37.3% | N/A | -28.1%-94.3pp | 66.2%+119.4pp | -53.2% | N/A |
| Current Ratio | 0.16-0.1 | 0.26+0.1 | 0.15-0.2 | 0.39-0.2 | 0.61-0.2 | 0.79+0.2 | 0.58-0.2 | 0.80 |
| Debt-to-Equity | -1.17+0.2 | -1.34-0.2 | -1.16+0.4 | -1.59+0.6 | -2.24+1.4 | -3.63-2.2 | -1.43+1.2 | -2.61 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$446K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.39), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
Is Global Gas Corporation profitable?
No, Global Gas Corporation (HGAS) reported a net income of -$131K in fiscal year 2024.
What is Global Gas Corporation's operating cash flow?
Global Gas Corporation (HGAS) generated -$1.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Global Gas Corporation's total assets?
Global Gas Corporation (HGAS) had $265K in total assets as of fiscal year 2024, including both current and long-term assets.
What is Global Gas Corporation's current ratio?
Global Gas Corporation (HGAS) had a current ratio of 0.39 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Global Gas Corporation's debt-to-equity ratio?
Global Gas Corporation (HGAS) had a debt-to-equity ratio of -1.59 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Global Gas Corporation's return on assets (ROA)?
Global Gas Corporation (HGAS) had a return on assets of -49.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Global Gas Corporation's cash runway?
Based on fiscal year 2024 data, Global Gas Corporation (HGAS) had $114K in cash against an annual operating cash burn of $1.3M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Global Gas Corporation's debt-to-equity ratio negative or unusual?
Global Gas Corporation (HGAS) has negative shareholder equity of -$446K as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Global Gas Corporation's Piotroski F-Score?
Global Gas Corporation (HGAS) has a Piotroski F-Score of 0 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Global Gas Corporation's earnings high quality?
Global Gas Corporation (HGAS) has an earnings quality ratio of 10.28x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.