Tianjin Jinran Public Utilities Co (HKSE:01265) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Tianjin Jinran Public Utilities Co Debt-to-Equity?

Tianjin Jinran Public Utilities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0 Mil. Tianjin Jinran Public Utilities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$2 Mil. Tianjin Jinran Public Utilities Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$1,517 Mil. Tianjin Jinran Public Utilities Co's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

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 Tianjin Jinran Public Utilities Co's Debt-to-Equity or its related term are showing as below:

HKSE:01265's Debt-to-Equity is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 0.88
* Ranked among companies with meaningful Debt-to-Equity only.

Tianjin Jinran Public Utilities Co Debt-to-Equity Historical Data

The historical data trend for Tianjin Jinran Public Utilities Co'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.

Tianjin Jinran Public Utilities Co Debt-to-Equity Chart

Tianjin Jinran Public Utilities Co Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Tianjin Jinran Public Utilities Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Tianjin Jinran Public Utilities Co's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Tianjin Jinran Public Utilities Co'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.

Tianjin Jinran Public Utilities Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tianjin Jinran Public Utilities Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tianjin Jinran Public Utilities Co's Debt-to-Equity falls into.

Tianjin Jinran Public Utilities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tianjin Jinran Public Utilities Co'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	+	0.632)	/	1564.84
	=	0.00

Tianjin Jinran Public Utilities Co's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	1.533)	/	1516.885
	=	0.00

Tianjin Jinran Public Utilities Co (HKSE:01265) 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.

Tianjin Jinran Public Utilities Co Debt-to-Equity Related Terms

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Tianjin Jinran Public Utilities Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tianjin Jinran Public Utilities Co Ltd (HKSE:01265) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 28 Nankai Fourth Road, 5th Floor, Court A, Nankai District, Tianjin, CHN

Website

http://www.jinrangongyong.com

Tianjin Jinran Public Utilities Co Ltd is engaged in the sale of piped natural gas, the sale of natural gas appliances, natural gas pipeline grid connection, and natural gas transportation via pipelines, while principal operation activities include the sale and distribution of piped gas, the lease of pipelines, the operation and management of gas pipeline infrastructure, the sale and installation of gas appliances, the lease of self-owned buildings and facilities of gas stations. Its segments include Sales of piped gas; Gas connection; Gas transportation; Sales of gas appliances and others; and Gas pipeline rent. It derives the majority of the revenue from Sales of the piped gas segment.

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