JiaXing Gas Group Co (HKSE:09908) Debt-to-Equity : 0.34 (As of Dec. 2023)

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What is JiaXing Gas Group Co Debt-to-Equity?

JiaXing Gas Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$38 Mil. JiaXing Gas Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$345 Mil. JiaXing Gas Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,122 Mil. JiaXing Gas Group Co's debt to equity for the quarter that ended in Dec. 2023 was 0.34.

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

HKSE:09908' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.51 Max: 1.45
Current: 0.34

During the past 7 years, the highest Debt-to-Equity Ratio of JiaXing Gas Group Co was 1.45. The lowest was 0.34. And the median was 0.51.

HKSE:09908's Debt-to-Equity is ranked better than
75.1% of 478 companies
in the Utilities - Regulated industry
Industry Median: 0.845 vs HKSE:09908: 0.34

JiaXing Gas Group Co Debt-to-Equity Historical Data

The historical data trend for JiaXing Gas Group 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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JiaXing Gas Group Co Debt-to-Equity Chart

JiaXing Gas Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.05

0.38

0.51

0.46

0.34

JiaXing Gas Group 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							0.51	0.50	0.46	0.49	0.34

Competitive Comparison of JiaXing Gas Group Co's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, JiaXing Gas Group 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.

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

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

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

JiaXing Gas Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JiaXing Gas Group 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
	=	(38.26	+	345.271)	/	1121.738
	=	0.34

JiaXing Gas Group 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
	=	(38.26	+	345.271)	/	1121.738
	=	0.34

JiaXing Gas Group Co (HKSE:09908) 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.

JiaXing Gas Group Co Debt-to-Equity Related Terms

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JiaXing Gas Group Co (HKSE:09908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JiaXing Gas Group Co Ltd (HKSE:09908) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

5th Floor, Building 3, Hualong Plaza,No. 32 Qinyi Road, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN

Website

http://www.jxrqgs.com

JiaXing Gas Group Co Ltd is a piped natural gas (PNG) operator in Jiaxing. The company engages in sales of gas, PNG in Jiaxing, LNG and LPG; construction and installation services to construct and install end-user pipeline network and gas facilities; and provision of natural gas transportation services, sales of vapour and construction materials, and leasing of properties. Its customers include residential and non-residential users, property developers and owners or occupants of residential and non-residential properties.

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