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XinJiang Haoyuan Natural Gas Co (SZSE:002700) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is XinJiang Haoyuan Natural Gas Co Debt-to-Equity?

XinJiang Haoyuan Natural Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.2 Mil. XinJiang Haoyuan Natural Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.7 Mil. XinJiang Haoyuan Natural Gas Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥801.8 Mil. XinJiang Haoyuan Natural Gas Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of XinJiang Haoyuan Natural Gas Co was 0.06. The lowest was 0.00. And the median was 0.01.

SZSE:002700's Debt-to-Equity is not ranked *
in the Utilities - Regulated industry.
Industry Median: 0.87
* Ranked among companies with meaningful Debt-to-Equity only.

XinJiang Haoyuan Natural Gas Co Debt-to-Equity Historical Data

The historical data trend for XinJiang Haoyuan Natural 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.

* Premium members only.

XinJiang Haoyuan Natural Gas Co Debt-to-Equity Chart

XinJiang Haoyuan Natural Gas Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.01 - -

XinJiang Haoyuan Natural Gas Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of XinJiang Haoyuan Natural Gas Co's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, XinJiang Haoyuan Natural 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.


XinJiang Haoyuan Natural Gas Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

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



XinJiang Haoyuan Natural Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

XinJiang Haoyuan Natural Gas Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

XinJiang Haoyuan Natural Gas Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


XinJiang Haoyuan Natural Gas Co  (SZSE:002700) 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.


XinJiang Haoyuan Natural Gas Co Debt-to-Equity Related Terms

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XinJiang Haoyuan Natural Gas Co (SZSE:002700) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Yingwaati Road, Xinjiang, Aksu, CHN, 843000
XinJiang Haoyuan Natural Gas Co Ltd is a natural gas company. It is engaged in transportation, distribution and home installation of natural gas.
Executives
Hu Zhong You Supervisors
Wang Bo Supervisors
Leng Xin Wei Directors, executives
Shen Xue Feng Supervisors
Yu Xiao Wei Executives
Xue Sun Supervisors
Zhang Ge Wei Executives
Zhao Zhi Yong Independent director
Ceng Chun You Executives

XinJiang Haoyuan Natural Gas Co (SZSE:002700) Headlines

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