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Huzhou Gas Co (HKSE:06661) Debt-to-Equity : 0.02 (As of Dec. 2023)


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What is Huzhou Gas Co Debt-to-Equity?

Huzhou Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1 Mil. Huzhou Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$21 Mil. Huzhou Gas Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,292 Mil. Huzhou Gas Co's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

HKSE:06661' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.02
Current: 0.02

During the past 5 years, the highest Debt-to-Equity Ratio of Huzhou Gas Co was 0.02. The lowest was 0.00. And the median was 0.01.

HKSE:06661's Debt-to-Equity is not ranked
in the Utilities - Regulated industry.
Industry Median: 0.845 vs HKSE:06661: 0.02

Huzhou Gas Co Debt-to-Equity Historical Data

The historical data trend for Huzhou Gas 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.

Huzhou Gas Co Debt-to-Equity Chart

Huzhou Gas Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
- - - 0.01 0.02

Huzhou Gas Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial - 0.06 0.01 0.03 0.02

Competitive Comparison of Huzhou Gas Co's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Huzhou Gas 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.

Huzhou Gas Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

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


Huzhou Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Huzhou Gas 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
=(0.614 + 20.671) / 1291.91
=0.02

Huzhou Gas 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
=(0.614 + 20.671) / 1291.91
=0.02

* 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.

Huzhou Gas Co  (HKSE:06661) 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.

Huzhou Gas Co Debt-to-Equity Related Terms

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Huzhou Gas Co (HKSE:06661) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Huzhou Gas Co Ltd (HKSE:06661) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:09908 HKSE:06828 HKSE:01940 HKSE:01265 HKSE:01407 HKSE:00681 HKSE:02886 HKSE:01600 XMAD:NTGY ASX:APA ATO MIL:SRG HKSE:00003 NI TSE:9531 BOM:532155 HKSE:02688 TSE:9532 BOM:542066 XKLS:6033
Traded in Other Exchanges
N/A
Address
227 Sizhong Road, Zhejiang Province, Huzhou, CHN
Website
https://www.hzrqgf.com
Huzhou Gas Co Ltd is the largest piped natural gas distributor. The principal business of the company comprises of sale of gas, mainly PNG under the Concessions; provision of construction and installation services to construct and install end-user pipeline network and gas facilities for customers such as property developers and owners or occupants of residential and non-residential properties; and others, including sale of household gas appliances.

Huzhou Gas Co (HKSE:06661) Headlines

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