Titas Gas Transmission & Distribution Co (DHA:TITASGAS) Debt-to-Equity : 0.07 (As of Mar. 2024)

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What is Titas Gas Transmission & Distribution Co Debt-to-Equity?

Titas Gas Transmission & Distribution Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was BDT10 Mil. Titas Gas Transmission & Distribution Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was BDT4,671 Mil. Titas Gas Transmission & Distribution Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was BDT69,240 Mil. Titas Gas Transmission & Distribution Co's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Titas Gas Transmission & Distribution Co's Debt-to-Equity or its related term are showing as below:

DHA:TITASGAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.07
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Titas Gas Transmission & Distribution Co was 0.07. The lowest was 0.02. And the median was 0.03.

DHA:TITASGAS's Debt-to-Equity is ranked better than
90.57% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.85 vs DHA:TITASGAS: 0.07

Titas Gas Transmission & Distribution Co Debt-to-Equity Historical Data

The historical data trend for Titas Gas Transmission & Distribution Co's Debt-to-Equity 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.

* Premium members only.

Titas Gas Transmission & Distribution Co Debt-to-Equity Chart

Titas Gas Transmission & Distribution Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.04

0.05

0.06

Titas Gas Transmission & Distribution Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.06	0.06	0.06	0.07

Competitive Comparison of Titas Gas Transmission & Distribution Co's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Titas Gas Transmission & Distribution Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Titas Gas Transmission & Distribution Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Titas Gas Transmission & Distribution Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Titas Gas Transmission & Distribution Co's Debt-to-Equity falls into.

Titas Gas Transmission & Distribution Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Titas Gas Transmission & Distribution Co's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(246.062	+	4049.287)	/	70972.14
	=	0.06

Titas Gas Transmission & Distribution Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(9.55	+	4671.326)	/	69240.075
	=	0.07

Titas Gas Transmission & Distribution Co (DHA:TITASGAS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Titas Gas Transmission & Distribution Co Debt-to-Equity Related Terms

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Titas Gas Transmission & Distribution Co (DHA:TITASGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Titas Gas Transmission & Distribution Co Ltd (DHA:TITASGAS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

105, Kazi Nazrul Islam Avenue, 2nd Floor, Titas Gas Bhaban, Kawran Bazar Commerial Area, Dhaka, BGD, 1215

Website

https://www.titasgas.org.bd

Titas Gas Transmission & Distribution Co Ltd is principally engaged in the business of natural gas distribution. It operates through the segments that are distributed the same to the consumers in power, fertilizer, industrial, captive power, and commercial. Geographically it operates through the region of Bangladesh. Majority of the firm's revenue is generated from Natural Gas Distribution.

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