Gujarat Gas (BOM:539336) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Gujarat Gas Debt-to-Equity?

Gujarat Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Gujarat Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Gujarat Gas's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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

BOM:539336' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.46 Max: 2.24
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Gujarat Gas was 2.24. The lowest was 0.02. And the median was 0.46.

BOM:539336's Debt-to-Equity is ranked better than
96.65% of 478 companies
in the Utilities - Regulated industry
Industry Median: 0.845 vs BOM:539336: 0.02

Gujarat Gas Debt-to-Equity Historical Data

The historical data trend for Gujarat Gas'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.

Gujarat Gas Debt-to-Equity Chart

Gujarat Gas Annual Data

Trend

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.00

0.62

0.22

0.11

0.02

Gujarat Gas 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															N/A	0.02	N/A	0.02	N/A

Competitive Comparison of Gujarat Gas's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Gujarat Gas'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.

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

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

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

Gujarat Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gujarat Gas'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
	=	(283.9	+	1239.3)	/	70279.5
	=	0.02

Gujarat Gas'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
	=	(0	+	0)	/	0
	=	N/A

Gujarat Gas (BOM:539336) 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.

Gujarat Gas Debt-to-Equity Related Terms

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

Gujarat Gas (BOM:539336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gujarat Gas Ltd (BOM:539336) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

GUJGASLTD:India

Address

2, Shanti Sadan Society, Near Parimal Garden, Ellisbridge, Ahmedabad, GJ, IND, 380 006

Website

https://www.gujaratgas.com

Gujarat Gas Ltd is an India based gas distribution company. Its activities include sale, purchase, supply, distribution, transport, trading in Natural Gas, Compressed natural gas, Liquefied natural gas, Liquefied petroleum gas and other gaseous forms. The company transports the gas through pipelines, trucks, trains or other suitable mode for transportation. It operates in the segment of the natural gas business. All the business activities of the company are carried out in India.

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