China Gas Holdings (HKSE:00384) Debt-to-Equity : 1.04 (As of Sep. 2023)

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What is China Gas Holdings Debt-to-Equity?

China Gas Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$22,280 Mil. China Gas Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$34,455 Mil. China Gas Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$54,672 Mil. China Gas Holdings's debt to equity for the quarter that ended in Sep. 2023 was 1.04.

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 China Gas Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00384' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.08 Max: 1.26
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of China Gas Holdings was 1.26. The lowest was 0.80. And the median was 1.08.

HKSE:00384's Debt-to-Equity is ranked worse than
56.81% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs HKSE:00384: 1.04

China Gas Holdings Debt-to-Equity Historical Data

The historical data trend for China Gas Holdings'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.

China Gas Holdings Debt-to-Equity Chart

China Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.07

1.01

0.98

0.91

1.06

China Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.80	0.91	1.04	1.06	1.04

Competitive Comparison of China Gas Holdings's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, China Gas Holdings'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.

China Gas Holdings's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where China Gas Holdings's Debt-to-Equity falls into.

China Gas Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Gas Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(22108.317	+	39278.528)	/	57900.584
	=	1.06

China Gas Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(22280.096	+	34454.69)	/	54671.739
	=	1.04

China Gas Holdings (HKSE:00384) 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.

China Gas Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of China Gas Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

China Gas Holdings (HKSE:00384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Holdings Ltd (HKSE:00384) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CGHOF:USA CGHLY:USA EBZ:Germany

Address

151 Gloucester Road, Room 1601, 16th Floor, Capital Centre, Wan Chai, Hong Kong, HKG

Website

http://www.chinagasholdings.com.hk

China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2023 (ended March 31, 2023), the group had secured a total of 661 piped gas concessions, 533 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 106 LPG distribution projects in China. In total, CGH has connected 45.4 million residential households and achieved a penetration rate of 68.6%.

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