Huzhou Gas Co (HKSE:06661) Liabilities-to-Assets : 0.42 (As of Dec. 2023)

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What is Huzhou Gas Co Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Huzhou Gas Co's Total Liabilities for the quarter that ended in Dec. 2023 was HK$1,011 Mil. Huzhou Gas Co's Total Assets for the quarter that ended in Dec. 2023 was HK$2,408 Mil. Therefore, Huzhou Gas Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.42.

Huzhou Gas Co Liabilities-to-Assets Historical Data

The historical data trend for Huzhou Gas Co's Liabilities-to-Assets 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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Huzhou Gas Co Liabilities-to-Assets Chart

Huzhou Gas Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Liabilities-to-Assets

0.44

0.42

0.46

0.48

0.42

Huzhou Gas Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Liabilities-to-Assets	Get a 7-Day Free Trial			0.46	0.56	0.48	0.48	0.42

Competitive Comparison of Huzhou Gas Co's Liabilities-to-Assets

For the Utilities - Regulated Gas subindustry, Huzhou Gas Co's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets Distribution in the Utilities - Regulated Industry

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

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

Huzhou Gas Co Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Huzhou Gas Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	1010.524	/	2408.145
	=	0.42

Huzhou Gas Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	1010.524	/	2408.145
	=	0.42

Huzhou Gas Co (HKSE:06661) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Huzhou Gas Co Liabilities-to-Assets 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 » Liabilities-to-Assets

Comparable Companies

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.

Executives

Bank Of Communications Co., Ltd.	2201 Interest of corporation controlled by you
Bocom International Holdings Company Limited	2201 Interest of corporation controlled by you
New Partner Intl Ltd	2101 Beneficial owner
Yu Linqiang	2101 Beneficial owner
Guo Tou Tai Kang Xin Tuo You Xian Gong Si	2301 Trustee
Dong Fang Ji Jin Guan Li Gu Fen You Xian Gong Si
Wu Shu Ying	2202 Interest of your spouse
Meng Er Hu	2201 Interest of corporation controlled by you
Yu Rong Fang	2202 Interest of your spouse
Bank Of Communications (nominee) Company Limited	2201 Interest of corporation controlled by you
Bocom International Securities Company Limited	2106 Person having a security interest in shares
Xin Ao Neng Yuan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Ao Zhong Guo Ran Qi Tou Zi You Xian Gong Si	2101 Beneficial owner

Huzhou Gas Co (HKSE:06661) Headlines

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