Chongqing Gas Group (SHSE:600917) Debt-to-Equity : 0.25 (As of Mar. 2024)

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What is Chongqing Gas Group Debt-to-Equity?

Chongqing Gas Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥697 Mil. Chongqing Gas Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥611 Mil. Chongqing Gas Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,340 Mil. Chongqing Gas Group's debt to equity for the quarter that ended in Mar. 2024 was 0.24.

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

SHSE:600917' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.09 Max: 0.25
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of Chongqing Gas Group was 0.25. The lowest was 0.06. And the median was 0.09.

SHSE:600917's Debt-to-Equity is ranked better than
79.2% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.875 vs SHSE:600917: 0.25

Chongqing Gas Group Debt-to-Equity Historical Data

The historical data trend for Chongqing Gas Group'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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Chongqing Gas Group Debt-to-Equity Chart

Chongqing Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.12

0.07

0.20

0.19

Chongqing Gas Group 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															0.20	0.14	0.20	0.19	0.25

Competitive Comparison of Chongqing Gas Group's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Chongqing Gas Group'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.

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

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

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

Chongqing Gas Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqing Gas Group'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
	=	(376.156	+	636.139)	/	5385.277
	=	0.19

Chongqing Gas Group'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
	=	(697.127	+	610.975)	/	5339.835
	=	0.24

Chongqing Gas Group (SHSE:600917) 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.

Chongqing Gas Group Debt-to-Equity Related Terms

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Chongqing Gas Group (SHSE:600917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chongqing Gas Group Corporation Ltd (SHSE:600917) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Jiangbei District Court, a small village on the 30th, Chongqing, CHN, 400020

Website

http://www.cqgas.cn

Chongqing Gas Group Corporation Ltd engages in the design, manufacture, installation, maintenance, sale, management, and technical consultation of gas supply and pipe network in China. It also supplies, transport, storage, distributes, and sale gas. The company engages in the supply of heating, cooling, and cogeneration; pipe anti-corrosion processing; and gas appliance sales and other business operations.

Executives

Wang Song Qiu	Director
Li Jin Yan	senior management
Fu Xiu Ping	senior management
Wu Can Guang	Director
Jiang Ying Hui	senior management
Wang Ji Wu	Director
Wen Xiao Song	senior management

Chongqing Gas Group (SHSE:600917) Headlines

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