Hokuriku Gas Co (TSE:9537) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Hokuriku Gas Co Debt-to-Equity?

Hokuriku Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円300 Mil. Hokuriku Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円158 Mil. Hokuriku Gas Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円46,747 Mil. Hokuriku Gas Co's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

TSE:9537' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.09
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Hokuriku Gas Co was 0.09. The lowest was 0.00. And the median was 0.03.

TSE:9537's Debt-to-Equity is ranked better than
99.79% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs TSE:9537: 0.01

Hokuriku Gas Co Debt-to-Equity Historical Data

The historical data trend for Hokuriku 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.

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Hokuriku Gas Co Debt-to-Equity Chart

Hokuriku Gas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.03

0.01

Hokuriku Gas Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	0.01	0.01

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

For the Utilities - Regulated Gas subindustry, Hokuriku 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.

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

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

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

Hokuriku Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hokuriku Gas Co'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
	=	(0	+	186.112)	/	47901.435
	=	0.00

Hokuriku 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
	=	(300	+	158.419)	/	46746.812
	=	0.01

Hokuriku Gas Co (TSE:9537) 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.

Hokuriku Gas Co Debt-to-Equity Related Terms

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Hokuriku Gas Co (TSE:9537) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hokuriku Gas Co Ltd (TSE:9537) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

1-2-23 Higashiodori, Chuo-ku, Niigata Prefecture, Niigata City, JPN, 950-8748

Website

http://www.hokurikugas.co.jp

Hokuriku Gas Co Ltd engages in the manufacture, supply, and sale of city gas, and gas-related equipment. It is involved in the manufacture, supply and sale of city gas, the operation of gas works, as well as the sale of gas equipment. The firm also engages in the sale of liquefied petroleum gas (LPG) and LPG equipment, the operation of LPG piping works, gas works and civil engineering works, the design, installation, maintenance, security and inspection of gas equipment, the sale, installation and meter reading of housing facilities and equipment, the leasing and management of buildings, the leasing of business equipment and vehicles, It also undertakes gas construction contracts; and sells gas appliances.

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