Tokyo Gas Co (Tokyo Gas Co) Debt-to-Equity

: 0.80 (As of Dec. 2023)

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Tokyo Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $464 Mil. Tokyo Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8,743 Mil. Tokyo Gas Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11,573 Mil. Tokyo Gas Co's debt to equity for the quarter that ended in Dec. 2023 was 0.80.

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

TKGSF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.67 Max: 0.95
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of Tokyo Gas Co was 0.95. The lowest was 0.56. And the median was 0.67.

TKGSF's Debt-to-Equity is ranked better than
52.1% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs TKGSF: 0.80

Tokyo Gas Co Debt-to-Equity Historical Data

The historical data trend for Tokyo 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.

Tokyo Gas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.63

0.73

0.91

0.94

0.80

Tokyo Gas Co 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															0.87	0.80	0.76	0.73	0.80

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Tokyo 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.

Tokyo Gas Co Debt-to-Equity Distribution

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

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

Tokyo Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokyo Gas Co'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
	=	(648.243	+	8650.313)	/	11659.082
	=	0.80

Tokyo Gas Co'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
	=	(464.289	+	8743.401)	/	11572.903
	=	0.80

Tokyo Gas Co (OTCPK:TKGSF) 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.

Tokyo Gas Co Debt-to-Equity Related Terms

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Tokyo Gas Co (Tokyo Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tokyo Gas Co Ltd (OTCPK:TKGSF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TKGSY:USA 9531:Japan TOG:Germany

Address

1-5-20 Kaigan Minato-ku, Tokyo, JPN, 105-8527

Website

http://www.tokyo-gas.co.jp

Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.

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