Shenzhen Gas (SHSE:601139) Debt-to-Asset : 0.20 (As of Mar. 2024)

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What is Shenzhen Gas Debt-to-Asset?

Shenzhen Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,786 Mil. Shenzhen Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5,319 Mil. Shenzhen Gas's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ¥45,696 Mil. Shenzhen Gas's debt to asset for the quarter that ended in Mar. 2024 was 0.20.

Shenzhen Gas Debt-to-Asset Historical Data

The historical data trend for Shenzhen Gas's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shenzhen Gas Debt-to-Asset Chart

Shenzhen Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.22

0.16

0.15

0.18

Shenzhen Gas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.16	0.12	0.18	0.18	0.20

Competitive Comparison of Shenzhen Gas's Debt-to-Asset

For the Utilities - Regulated Gas subindustry, Shenzhen Gas's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shenzhen Gas's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shenzhen Gas's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Shenzhen Gas's Debt-to-Asset falls into.

Shenzhen Gas Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Shenzhen Gas's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3162.943	+	4731.717)	/	44269.904
	=	0.18

Shenzhen Gas's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3786.035	+	5318.722)	/	45696.065
	=	0.20

Shenzhen Gas (SHSE:601139) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Shenzhen Gas Debt-to-Asset Related Terms

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Shenzhen Gas (SHSE:601139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Gas Corp Ltd (SHSE:601139) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

Mei Road 268, Futian District, Guangdong Province, Shenzhen, CHN, 518049

Website

http://www.szgas.com.cn

Shenzhen Gas Corp Ltd is engaged in urban pipeline gas supply, liquefied petroleum gas wholesale, and bottled liquefied petroleum gas retail activities in China and internationally. It serves approximately 2.54 million pipeline gas customers. The company also holds rights for pipeline gas business in around 29 cities under the Shenzhen gas brand.

Executives

Zhuo Fan	Directors, senior managers
Wang Wen Jie	Director
Liu Zhao Yan	senior management
Guo Jia Jing	senior management
Yang Jin Biao	Supervisors
Liu Qiu Hui	Director
Yang Guang	senior management
Xue Bo	senior management
Li Zhen	Director
Zhang Wen He	senior management
Chen Qiu Xiong	Director
Sun Ping Gui	senior management
Ou Da Jiang	Director
Li Qing Ping	senior management

Shenzhen Gas (SHSE:601139) Headlines

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