Zooming in on the latest balance sheet data, we can see that Naturgy Energy Group had liabilities of €9.32b due within 12 months and liabilities of €20.1b due beyond that. On the other hand, it had cash of €3.97b and €5.28b worth of receivables due within a year. So its liabilities total €20.1b more than the combination of its cash and short-term receivables.