HGAS (Global Gas) Debt-to-Equity : -0.77 (As of Sep. 2024)

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What is Global Gas Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-0.36 Mil. Global Gas's debt to equity for the quarter that ended in Sep. 2024 was -0.77.

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

HGAS' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.18 Med: -0.37 Max: -0.35
Current: -0.77

During the past 1 years, the highest Debt-to-Equity Ratio of Global Gas was -0.35. The lowest was -1.18. And the median was -0.37.

HGAS's Debt-to-Equity is not ranked
in the Chemicals industry.
Industry Median: 0.36 vs HGAS: -0.77

Global Gas Debt-to-Equity Historical Data

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

Global Gas Annual Data

Trend

Dec23

Debt-to-Equity

-0.37

Global Gas Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial			N/A	-0.37	-0.35	-1.18	-0.77

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

For the Specialty Chemicals subindustry, Global Gas'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.

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

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

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

Global Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Gas'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
	=	(0.274	+	0)	/	-0.735
	=	-0.37

Global Gas's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(0.274	+	0)	/	-0.357
	=	-0.77

Global Gas (OTCPK:HGAS) 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.

Global Gas Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Global Gas's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Gas Business Description

Industry

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Comparable Companies

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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