ENN Energy Holdings (ENN Energy Holdings) Debt-to-Equity : 0.53 (As of Dec. 2023)

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What is ENN Energy Holdings Debt-to-Equity?

ENN Energy Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,252 Mil. ENN Energy Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,931 Mil. ENN Energy Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,975 Mil. ENN Energy Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.53.

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 ENN Energy Holdings's Debt-to-Equity or its related term are showing as below:

XNGSY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 0.85 Max: 1.2
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of ENN Energy Holdings was 1.20. The lowest was 0.52. And the median was 0.85.

XNGSY's Debt-to-Equity is ranked better than
64.92% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs XNGSY: 0.53

ENN Energy Holdings Debt-to-Equity Historical Data

The historical data trend for ENN Energy Holdings'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.

* Premium members only.

ENN Energy Holdings Debt-to-Equity Chart

ENN Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.76

0.66

0.57

0.52

0.53

ENN Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.57	0.60	0.52	0.57	0.53

Competitive Comparison of ENN Energy Holdings's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, ENN Energy Holdings'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.

ENN Energy Holdings's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ENN Energy Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ENN Energy Holdings's Debt-to-Equity falls into.

ENN Energy Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ENN Energy Holdings'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
	=	(1251.646	+	1931.178)	/	5974.623
	=	0.53

ENN Energy Holdings'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
	=	(1251.646	+	1931.178)	/	5974.623
	=	0.53

ENN Energy Holdings (OTCPK:XNGSY) 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.

ENN Energy Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of ENN Energy Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

ENN Energy Holdings (ENN Energy Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ENN Energy Holdings Ltd (OTCPK:XNGSY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

XNGSF:USA 02688:Hong Kong XGH:Germany

Address

Xinyuan DongDao Road, Building A, ENN Industrial Park, Economic and Technological Development Zone, Hebei Province, Langfang, CHN, 065001

Website

https://www.ennenergy.com

ENN Energy Holdings is primarily engaged in distributing and retailing natural gas. By year-end 2022, ENN owned 254 city gas projects in China, with annual gas sales volume of 32.7 billion cubic meters. Meanwhile, the aggregate number of connected piped gas residential households reached 27.9 million, with an average gas penetration rate of 62.9%. ENN Energy also has ventured into integrated energy business with 210 projects in operation.

ENN Energy Holdings (ENN Energy Holdings) Headlines

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