HGAS (Global Gas) Debt-to-Asset : 0.62 (As of Sep. 2024)

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What is Global Gas Debt-to-Asset?

Global Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.27 Mil. Global Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Global Gas's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $0.44 Mil. Global Gas's debt to asset for the quarter that ended in Sep. 2024 was 0.62.

Global Gas Debt-to-Asset Historical Data

The historical data trend for Global Gas's Debt-to-Asset 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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Global Gas Debt-to-Asset Chart

Global Gas Annual Data

Trend

Dec23

Debt-to-Asset

0.23

Global Gas Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial			-	0.23	0.82	0.45	0.62

Competitive Comparison of Global Gas's Debt-to-Asset

For the Specialty Chemicals subindustry, Global Gas's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Global Gas's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Global Gas's Debt-to-Asset distribution charts can be found below:

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

Global Gas Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Global Gas's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.274	+	0)	/	1.184
	=	0.23

Global Gas's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.274	+	0)	/	0.442
	=	0.62

Global Gas (OTCPK:HGAS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Global Gas Debt-to-Asset Related Terms

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Global Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Global Gas Corp (OTCPK:HGAS) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

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Address

99 Wall Street, Suite 436, New York, NY, USA, 10005

Website

Global Gas Corp is a nascent pure-play hydrogen and carbon recovery project developer and industrial gas supplier that has commenced initial operations and is building a growing project development pipeline. It sells hydrogen, recovered CO2, and oxygen to offtake and merchant customers requiring gas for industrial and emerging hydrogen-as-an-energy-carrier use cases.

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