HOKCF (Hong Kong and China Gas Co) Debt-to-Asset : 0.37 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HOKCF Hong Kong and China Gas Co Ltd HOKCF
48 GF Score
Price $0.87
GF Value $0.83
Valuation Fairly Valued
! 11 Warning Signs
View Full Analysis

What is Hong Kong and China Gas Co Debt-to-Asset?

Hong Kong and China Gas Co HOKCF 48 Debt-to-Asset is 0.37 as of Dec. 2025. GuruFocus rates HOKCF with a GF Score™ of 48/100 and a GF Value™ of $0.83 (Fairly Valued). The stock has 11 warning signs investors should review.

Hong Kong and China Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $2,221 Mil. Hong Kong and China Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $5,619 Mil. Hong Kong and China Gas Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2025 was $21,020 Mil. Hong Kong and China Gas Co's debt to asset for the quarter that ended in Dec. 2025 was 0.37.


Hong Kong and China Gas Co  (OTCPK:HOKCF) 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.


Hong Kong and China Gas Co Debt-to-Asset Related Terms


Hong Kong and China Gas Co Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Hong Kong and China Gas Co'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.

Hong Kong and China Gas Co Debt-to-Asset Chart

Hong Kong and China Gas Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.36 0.35 0.37 0.37

Hong Kong and China Gas Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.37 0.38 0.37 0.38

HOKCF vs ATO, NI: Debt-to-Asset Comparison

For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas Co'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.


Hong Kong and China Gas Co Debt-to-Asset vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Hong Kong and China Gas Co's Debt-to-Asset falls into.


HOKCF
48GF Score
Hong Kong and China Gas Co Ltd HOKCF
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hong Kong and China Gas Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Hong Kong and China Gas Co's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(2220.697 + 5619.409) / 21020.345
=0.37

Hong Kong and China Gas Co's Debt-to-Asset for the quarter that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(2220.697 + 5619.409) / 21020.345
=0.37

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.37 mean?
Hong Kong and China Gas Co (HOKCF) has a Debt-to-Asset of 0.37 as of Dec. 2025. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Hong Kong and China Gas Co and its competitors.
Is Hong Kong and China Gas Co's Debt-to-Asset too high?
Hong Kong and China Gas Co's current Debt-to-Asset is 0.37. Overall, Hong Kong and China Gas Co has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong and China Gas Co's Debt-to-Asset compare to ATO and NI?
Hong Kong and China Gas Co's Debt-to-Asset of 0.37 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for an Utilities - Regulated company?
A good Debt-to-Asset depends on the Utilities - Regulated industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Hong Kong and China Gas Co and its competitors. Hong Kong and China Gas Co's current Debt-to-Asset is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong and China Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong and China Gas Co (HOKCF) is currently considered Fairly Valued. The stock's GF Value™ is $0.83, compared to a current price of $0.87 — trading 4.7% above its estimated fair value. The current Debt-to-Asset is 0.37. Hong Kong and China Gas Co's overall GF Score™ is 48/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Hong Kong and China Gas Co (HOKCF), the current Debt-to-Asset is 0.37 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hong Kong and China Gas Co (HOKCF) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Kong and China Gas Co stock appears to be overvalued. The current stock price of $0.87 is trading 4.7% above its estimated GF Value™ of $0.83. GuruFocus considers Hong Kong and China Gas Co to be Fairly Valued.

Key valuation signals for HOKCF:

  • Debt-to-Asset: 0.37
  • GF Value™: $0.83 vs. price of $0.87 (4.7% above fair value)
  • GF Score™: 48/100 with 11 warning signs

No single metric tells the full story. See the HOKCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hong Kong and China Gas Co Business Description

Address 363 Java Road, 23rd Floor, North Point, Hong Kong, HKG
Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. The company is also investing in water, upstream gas, and new energies. The Group's principal activities are the production, distribution, and marketing of gas and related products or services, water supply and waste treatment, renewable energy businesses, extended businesses, and fuels businesses (Green Fuels) in Hong Kong and the Chinese mainland. The company operates in three segments: Gas, water and waste treatment, renewable energy, extended businesses, and related businesses, Green Fuels, and Property.
48GF Score

Get the complete analysis for HOKCF

Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.87
Price
$0.83
GF Value