Global Gas Financials
Global Gas (HGASW) reported $33K in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
A tiny revenue base and negative equity show a business surviving on balance-sheet compression, not operating scale.
FY2025's accounting profit was not self-funding: net income of$24K arrived alongside an operating loss of$166K , operating cash outflow of$63K , and only$33K of revenue. That cash conversion gap means the positive bottom line came from items outside the core operating activity visible in sales.
The liquidity position is extremely thin: cash of
The balance sheet has shrunk dramatically from
Financial Health Signals
Global Gas does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Global Gas passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Global Gas used $2.60 of operating cash (-$63K OCF vs $24K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Global Gas reported an operating loss of $166K against $9K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Global Gas generated $33K in revenue in fiscal year 2025.
Global Gas reported $24K in net income in fiscal year 2025. This represents an increase of 118.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Global Gas held $49K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Global Gas's net profit margin was 73.7% in fiscal year 2025, showing the share of revenue converted to profit.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
HGASW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY22 | FY21 |
|---|---|---|---|---|
| Revenue | $33K | N/A | N/A | N/A |
| SG&A Expenses | $199K-63.9% | $552K | $0-100.0% | $20K |
| Operating Income | -$166K+69.9% | -$552K | N/A | N/A |
| Interest Expense | $9K | $0 | N/A | N/A |
| Income Tax | $11K | N/A | $79K | N/A |
| Net Income | $24K+118.6% | -$131K | $6.6M+18.3% | $5.5M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EPS (Diluted).
No annual filing on record for: FY2023.
HGASW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY22 | FY21 |
|---|---|---|---|---|
| Total Assets | $55K-54.1% | $121K | $14.7M-91.5% | $172.8M |
| Current Assets | $55K-54.1% | $121K | $2.8M+1218.4% | $209K |
| Cash & Equivalents | $49K-57.3% | $114K | $313-99.7% | $116K |
| Total Liabilities | $352K-37.9% | $567K | $16.7M-91.1% | $187.1M |
| Current Liabilities | $336K-37.8% | $540K | $4.8M+148.0% | $1.9M |
| Total Equity | -$296K+33.5% | -$446K | -$2.0M+86.0% | -$14.3M |
| Retained Earnings | -$422K+5.4% | -$447K | -$2.0M+86.0% | -$14.3M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
No annual filing on record for: FY2023.
HGASW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY22 | FY21 |
|---|---|---|---|---|
| Operating Cash Flow | -$63K | N/A | -$302K+66.5% | -$904K |
| Investing Cash Flow | N/A | N/A | N/A | $79K |
| Financing Cash Flow | -$2K-100.8% | $275K | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
No annual filing on record for: FY2023.
HGASW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY22 | FY21 |
|---|---|---|---|---|
| Operating Margin | -503.6% | N/A | N/A | N/A |
| Net Margin | 73.7% | N/A | N/A | N/A |
| Return on Assets | 43.9%+152.2pp | -108.3% | 44.6%+41.4pp | 3.2% |
| Current Ratio | 0.17-0.1x | 0.22 | 0.58+0.5x | 0.11 |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin.
No annual filing on record for: FY2023.
Note: Shareholder equity is negative (-$296K), 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 (0.17), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Global Gas Ranks
Frequently Asked Questions
What is Global Gas's annual revenue?
Global Gas (HGASW) reported $33K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Global Gas profitable?
Yes, Global Gas (HGASW) reported a net income of $24K in fiscal year 2025, with a net profit margin of 73.7%.
What is Global Gas's net profit margin?
Global Gas (HGASW) had a net profit margin of 73.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Global Gas's operating cash flow?
Global Gas (HGASW) recorded an outflow of $63K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Global Gas's total assets?
Global Gas (HGASW) had $55K in total assets as of fiscal year 2025, including both current and long-term assets.
What is Global Gas's current ratio?
Global Gas (HGASW) had a current ratio of 0.17 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Global Gas's return on assets (ROA)?
Global Gas (HGASW) had a return on assets of 43.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Global Gas's cash runway?
Based on fiscal year 2025 data, Global Gas (HGASW) had $49K in cash against an annual operating cash burn of $63K. This gives an estimated cash runway of approximately 9 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's debt-to-equity ratio negative or not reported?
Global Gas (HGASW) has negative shareholder equity of -$296K as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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's Piotroski F-Score?
Global Gas (HGASW) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Global Gas's earnings high quality?
For every $1 of reported earnings, Global Gas (HGASW) used $2.60 of operating cash (-$63K OCF vs $24K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.
Can Global Gas cover its interest payments?
Global Gas (HGASW) reported an operating loss of $166K against $9K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.