China Resources Gas Group (HKSE:01193) Debt-to-Equity : 0.57 (As of Dec. 2023)

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What is China Resources Gas Group Debt-to-Equity?

China Resources Gas Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5,037 Mil. China Resources Gas Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$18,159 Mil. China Resources Gas Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$40,772 Mil. China Resources Gas Group's debt to equity for the quarter that ended in Dec. 2023 was 0.57.

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

HKSE:01193' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.49 Max: 0.93
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of China Resources Gas Group was 0.93. The lowest was 0.17. And the median was 0.49.

HKSE:01193's Debt-to-Equity is ranked better than
61.89% of 475 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs HKSE:01193: 0.57

China Resources Gas Group Debt-to-Equity Historical Data

The historical data trend for China Resources Gas Group'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.

China Resources Gas Group Debt-to-Equity Chart

China Resources Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.24

0.17

0.46

0.57

China Resources Gas Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.17	0.37	0.46	0.90	0.57

Competitive Comparison of China Resources Gas Group's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, China Resources Gas Group'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.

China Resources Gas Group's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Resources Gas Group's Debt-to-Equity distribution charts can be found below:

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

China Resources Gas Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Resources Gas Group'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
	=	(5036.834	+	18159.154)	/	40772.231
	=	0.57

China Resources Gas Group's Debt to Equity Ratio for the quarter 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
	=	(5036.834	+	18159.154)	/	40772.231
	=	0.57

China Resources Gas Group (HKSE:01193) 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.

China Resources Gas Group Debt-to-Equity Related Terms

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

China Resources Gas Group (HKSE:01193) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Resources Gas Group Ltd (HKSE:01193) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CRGGF:USA LGX1:Germany

Address

26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcgas.com

China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2022, CRG's portfolio comprised 273 city gas projects in China. The firm achieved annual gas sales volume of 35.9 billion cubic meters and has connected 53.9 million residential customers, or a penetration rate of 58.2%.

China Resources Gas Group (HKSE:01193) Headlines

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