Adani Total Gas (BOM:542066) Debt-to-Equity

: N/A (As of Dec. 2023)

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Adani Total Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Adani Total Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Adani Total 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 Adani Total Gas's Debt-to-Equity or its related term are showing as below:

BOM:542066' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.43 Max: 1.55
Current: 0.42

During the past 9 years, the highest Debt-to-Equity Ratio of Adani Total Gas was 1.55. The lowest was 0.25. And the median was 0.43.

BOM:542066's Debt-to-Equity is ranked better than
70.25% of 474 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs BOM:542066: 0.42

Adani Total Gas Debt-to-Equity Historical Data

The historical data trend for Adani Total 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.

Adani Total Gas Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.36

0.29

0.27

0.43

0.48

Adani Total 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																N/A	0.48	N/A	0.42	N/A

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Adani Total 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.

Adani Total Gas Debt-to-Equity Distribution

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

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

Adani Total Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Adani Total 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
	=	(11094.4	+	3126.5)	/	29409.6
	=	0.48

Adani Total 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

Adani Total Gas (BOM:542066) 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.

Adani Total Gas Debt-to-Equity Related Terms

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Adani Total Gas (BOM:542066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Adani Total Gas Ltd (BOM:542066) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ATGL:India

Address

S. G. Highway, Near Vaishno Devi Circle, Adani Corporate House, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421

Website

https://www.adanigas.com

Adani Total Gas Ltd is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. Geographically, the group has set up gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh.

Adani Total Gas (BOM:542066) Headlines

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