China Gas Industry Investment Holdings Co (HKSE:01940) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is China Gas Industry Investment Holdings Co Debt-to-Equity?

China Gas Industry Investment Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$316 Mil. China Gas Industry Investment Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$272 Mil. China Gas Industry Investment Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,655 Mil. China Gas Industry Investment Holdings Co's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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 Industry Investment Holdings Co's Debt-to-Equity or its related term are showing as below:

HKSE:01940' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.36 Max: 0.48
Current: 0.36

During the past 7 years, the highest Debt-to-Equity Ratio of China Gas Industry Investment Holdings Co was 0.48. The lowest was 0.23. And the median was 0.36.

HKSE:01940's Debt-to-Equity is ranked better than
73.58% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs HKSE:01940: 0.36

China Gas Industry Investment Holdings Co Debt-to-Equity Historical Data

The historical data trend for China Gas Industry Investment Holdings 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.

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China Gas Industry Investment Holdings Co Debt-to-Equity Chart

China Gas Industry Investment Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.46

0.48

0.42

0.36

China Gas Industry Investment Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.48	0.46	0.42	0.43	0.36

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

For the Utilities - Regulated Gas subindustry, China Gas Industry Investment Holdings 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.

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

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

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

China Gas Industry Investment Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Gas Industry Investment Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(316.242	+	271.979)	/	1655.358
	=	0.36

China Gas Industry Investment Holdings Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(316.242	+	271.979)	/	1655.358
	=	0.36

China Gas Industry Investment Holdings Co (HKSE:01940) 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 Industry Investment Holdings Co Debt-to-Equity Related Terms

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

China Gas Industry Investment Holdings Co (HKSE:01940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Industry Investment Holdings Co Ltd (HKSE:01940) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Binhe Road, Lubei District, Hebei Province, Tangshan, CHN

Website

https://www.cgiiholdings.com

China Gas Industry Investment Holdings Co Ltd is an industrial gas supplier in the Jing-Jin-Ji Region. It is focused on the supply of pipeline industrial gas and liquefied industrial gas and also operates an LNG-related business which includes the supply of LNG and provision of gas transmission service relatively small scale. The company produces and supplies liquefied industrial gas to offsite independent end-user customers. Its segments include the Supply of industrial gas; Liquefied natural gas (LNG) and gas transmission service.

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