Hong Kong and China Gas Co (Hong Kong and China Gas Co) Equity-to-Asset

: 0.38 (As of Jun. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hong Kong and China Gas Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $7,751 Mil. Hong Kong and China Gas Co's Total Assets for the quarter that ended in Jun. 2023 was $20,688 Mil. Therefore, Hong Kong and China Gas Co's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.38.

The historical rank and industry rank for Hong Kong and China Gas Co's Equity-to-Asset or its related term are showing as below:

HOKCY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.47 Max: 0.48
Current: 0.37

During the past 13 years, the highest Equity to Asset Ratio of Hong Kong and China Gas Co was 0.48. The lowest was 0.37. And the median was 0.47.

HOKCY's Equity-to-Asset is ranked worse than
50.38% of 520 companies
in the Utilities - Regulated industry
Industry Median: 0.38 vs HOKCY: 0.37

Hong Kong and China Gas Co Equity-to-Asset Historical Data

The historical data trend for Hong Kong and China Gas Co's Equity-to-Asset 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.

Hong Kong and China Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.47

0.46

0.42

0.38

0.37

Hong Kong and China Gas Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset																0.42	0.40	0.38	0.38	0.37

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Hong Kong and China Gas Co Equity-to-Asset Distribution

For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Hong Kong and China Gas Co's Equity-to-Asset falls into.

Hong Kong and China Gas Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Hong Kong and China Gas Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	8170.64	/	21639.132
	=	0.38

Hong Kong and China Gas Co's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	7751.015	/	20688.255
	=	0.37

Hong Kong and China Gas Co (OTCPK:HOKCY) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Hong Kong and China Gas Co Equity-to-Asset Related Terms

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Hong Kong and China Gas Co (Hong Kong and China Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hong Kong and China Gas Co Ltd (OTCPK:HOKCY) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

HOKCF:USA 00003:Hong Kong HCG:Germany

Address

363 Java Road, 23rd Floor, North Point, Hong Kong, HKG

Website

http://www.towngas.com

Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.

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