Corning Natural Gas Holding (Corning Natural Gas Holding) Debt-to-Equity : 1.52 (As of Mar. 2022)

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What is Corning Natural Gas Holding Debt-to-Equity?

Corning Natural Gas Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $21.87 Mil. Corning Natural Gas Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $42.56 Mil. Corning Natural Gas Holding's Total Stockholders Equity for the quarter that ended in Mar. 2022 was $42.34 Mil. Corning Natural Gas Holding's debt to equity for the quarter that ended in Mar. 2022 was 1.52.

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 Corning Natural Gas Holding's Debt-to-Equity or its related term are showing as below:

CNIGO.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 1.41 Max: 6.47
Current: 1.52

During the past 13 years, the highest Debt-to-Equity Ratio of Corning Natural Gas Holding was 6.47. The lowest was 0.59. And the median was 1.41.

CNIGO.PFD's Debt-to-Equity is not ranked
in the Utilities - Regulated industry.
Industry Median: 0.84 vs CNIGO.PFD: 1.52

Corning Natural Gas Holding Debt-to-Equity Historical Data

The historical data trend for Corning Natural Gas Holding'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.

Corning Natural Gas Holding Debt-to-Equity Chart

Corning Natural Gas Holding Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Debt-to-Equity

Get a 7-Day Free Trial

1.17

1.25

1.24

1.42

1.62

Corning Natural Gas Holding Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Debt-to-Equity	Get a 7-Day Free Trial															1.40	1.41	1.62	1.56	1.52

Competitive Comparison of Corning Natural Gas Holding's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Corning Natural Gas Holding'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.

Corning Natural Gas Holding's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Corning Natural Gas Holding's Debt-to-Equity falls into.

Corning Natural Gas Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Corning Natural Gas Holding's Debt to Equity Ratio for the fiscal year that ended in Sep. 2021 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
	=	(19.473	+	45.908)	/	40.453
	=	1.62

Corning Natural Gas Holding's Debt to Equity Ratio for the quarter that ended in Mar. 2022 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
	=	(21.868	+	42.563)	/	42.336
	=	1.52

Corning Natural Gas Holding (OTCPK:CNIGO.PFD) 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.

Corning Natural Gas Holding Debt-to-Equity Related Terms

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Corning Natural Gas Holding (Corning Natural Gas Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Corning Natural Gas Holding Corp (OTCPK:CNIGO.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 West William Street, Corning, NY, USA, 14830

Website

http://www.corninggas.com

Corning Natural Gas Holding Corp, through its subsidiaries, is engaged in natural gas and electric distribution. Its segments include Gas Company, Pike, Leatherstocking companies, and Holding company. The company serves residential, commercial, industrial, and municipal customers. The company generates the vast majority of its revenue from Gas distribution.