Power Assets Holdings (Power Assets Holdings) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Power Assets Holdings Debt-to-Equity?

Power Assets Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.4 Mil. Power Assets Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $396.7 Mil. Power Assets Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11,364.2 Mil. Power Assets Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

HGKGY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.04 Max: 0.08
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Power Assets Holdings was 0.08. The lowest was 0.04. And the median was 0.04.

HGKGY's Debt-to-Equity is ranked better than
94.85% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.845 vs HGKGY: 0.04

Power Assets Holdings Debt-to-Equity Historical Data

The historical data trend for Power Assets 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.

Power Assets Holdings Debt-to-Equity Chart

Power Assets Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

Power Assets 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															0.04	0.04	0.04	0.04	0.04

Competitive Comparison of Power Assets Holdings's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, Power Assets 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.

Power Assets Holdings's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Power Assets Holdings's Debt-to-Equity distribution charts can be found below:

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

Power Assets Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Power Assets 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
	=	(0.384	+	396.681)	/	11364.183
	=	0.03

Power Assets 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
	=	(0.384	+	396.681)	/	11364.183
	=	0.03

Power Assets Holdings (OTCPK:HGKGY) 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.

Power Assets Holdings Debt-to-Equity Related Terms

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Power Assets Holdings (Power Assets Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Power Assets Holdings Ltd (OTCPK:HGKGY) » Definitions » Debt-to-Equity

Traded in Other Exchanges

HGKGF:USA 00006:Hong Kong HEH:Germany

Address

2 Queen's Road Central, Unit 2005, 20th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.powerassets.com

Power Assets Holdings is an investment holding company with a focus on regulated utility assets. The firm owns a portfolio of regulated electricity and gas assets and similarly stable utilities in Hong Kong, the U.K., Australia, Canada, Europe, and New Zealand. Profit from its regulated assets make up around 80% of total income, with contribution from its U.K. and Australian assets totaling more than 60% of group profit. The firm is part of CK Hutchison Holdings, a Hong Kong-based multinational conglomerate, and is currently 36% owned by CK Infrastructure Holdings.