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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: -0.77 Max: -0.35
Current: -0.93
During the past 3 years, the highest Debt-to-Equity Ratio of Global Gas was -0.35. The lowest was -1.18. And the median was -0.77.
HGAS's Debt-to-Equity is not ranked
in the Chemicals industry.
Industry Median: 0.36
vs HGAS: -0.93
Global Gas (OTCPK:HGAS) Debt-to-Equity Explanation
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
Global Gas Debt-to-Equity Historical Data
* Premium members only.
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.
HGAS vs ILDO, TSEOF, BSLK: Debt-to-Equity Comparison
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 Debt-to-Equity vs 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.
* 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.
Global Gas (HGAS) has a Debt-to-Equity of -0.93 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Global Gas and its competitors. According to the industry distribution chart, Global Gas ranks #999999 out of 1420 companies in the Chemicals industry.
Is Global Gas' Debt-to-Equity too high?
Global Gas' current Debt-to-Equity is -0.93. Based on the distribution chart, Global Gas ranks #999999 out of 1420 companies in the Chemicals industry, which is in the bottom quartile relative to peers.
How does Global Gas' Debt-to-Equity compare to ILDO and TSEOF?
According to the Chemicals industry distribution chart, Global Gas ranks #999999 out of 1420 companies for Debt-to-Equity. This places Global Gas in the lower half of its industry. The industry median Debt-to-Equity is 0.36. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.36, based on 1,420 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Global Gas and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Gas's current Debt-to-Equity is -0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Gas stock overvalued right now?
Global Gas (HGAS) has a current Debt-to-Equity of -0.93. The current Debt-to-Equity is -0.93. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Global Gas (HGAS), the current Debt-to-Equity is -0.93 as of Mar. 2026. 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.
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. The company sells hydrogen, recovered CO2, and oxygen to offtake and merchant customers requiring gas for industrial and emerging hydrogen as an energy-carrier market.
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