Henan Lantian Gas Co (SHSE:605368) Debt-to-Equity : 0.35 (As of Dec. 2023)

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What is Henan Lantian Gas Co Debt-to-Equity?

Henan Lantian Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥461 Mil. Henan Lantian Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥897 Mil. Henan Lantian Gas Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥3,837 Mil. Henan Lantian Gas Co's debt to equity for the quarter that ended in Dec. 2023 was 0.35.

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

SHSE:605368' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.59 Max: 0.95
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of Henan Lantian Gas Co was 0.95. The lowest was 0.21. And the median was 0.59.

SHSE:605368's Debt-to-Equity is ranked better than
73.53% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs SHSE:605368: 0.35

Henan Lantian Gas Co Debt-to-Equity Historical Data

The historical data trend for Henan Lantian 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.

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Henan Lantian Gas Co Debt-to-Equity Chart

Henan Lantian Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.57

0.41

0.29

0.21

0.35

Henan Lantian 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															0.21	0.21	0.24	0.37	0.35

Competitive Comparison of Henan Lantian Gas Co's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Henan Lantian 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.

Henan Lantian Gas Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

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

Henan Lantian Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Henan Lantian Gas Co'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
	=	(461.488	+	897.227)	/	3837.306
	=	0.35

Henan Lantian 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
	=	(461.488	+	897.227)	/	3837.306
	=	0.35

Henan Lantian Gas Co (SHSE:605368) 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.

Henan Lantian Gas Co Debt-to-Equity Related Terms

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Henan Lantian Gas Co (SHSE:605368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Henan Lantian Gas Co Ltd (SHSE:605368) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

West of North Section of Production Stree, Henan Province, Queshan County, Zhumadian, CHN, 463200

Website

http://www.hnltrq.com.cn

Henan Lantian Gas Co Ltd is involved in the natural gas transmission and sales business. The company's natural gas branch has a total length of more than 700 kilometers and covers a population of more than 50 million.

Henan Lantian Gas Co (SHSE:605368) Headlines

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