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JY Gas (HKSE:01407) Debt-to-Equity : 0.15 (As of Dec. 2023)


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What is JY Gas Debt-to-Equity?

JY Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$44.0 Mil. JY Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.1 Mil. JY Gas's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$307.4 Mil. JY Gas's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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

HKSE:01407' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08   Med: 0.42   Max: 24.65
Current: 0.15

During the past 5 years, the highest Debt-to-Equity Ratio of JY Gas was 24.65. The lowest was 0.08. And the median was 0.42.

HKSE:01407's Debt-to-Equity is ranked better than
85.71% of 483 companies
in the Utilities - Regulated industry
Industry Median: 0.85 vs HKSE:01407: 0.15

JY Gas Debt-to-Equity Historical Data

The historical data trend for JY 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.

* Premium members only.

JY Gas Debt-to-Equity Chart

JY Gas Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
24.65 1.75 0.42 0.08 0.15

JY Gas Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.42 N/A 0.08 0.01 0.15

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

For the Utilities - Regulated Gas subindustry, JY 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.

JY Gas's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

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


JY Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JY 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
=(44.011 + 2.071) / 307.364
=0.15

JY Gas'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
=(44.011 + 2.071) / 307.364
=0.15

* 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.

JY Gas  (HKSE:01407) 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.

JY Gas Debt-to-Equity Related Terms

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

JY Gas (HKSE:01407) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JY Gas Ltd (HKSE:01407) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:00681 HKSE:01265 HKSE:01940 HKSE:09908 HKSE:06661 XMAD:NTGY ASX:APA ATO MIL:SRG HKSE:00003 NI TSE:9531 BOM:532155 HKSE:02688 TSE:9532 BOM:542066 XKLS:6033 HKSE:01193 NFE HKSE:00384
Traded in Other Exchanges
N/A
Address
No. 2568 Shi’an Road (West), 3rd Floor, Jiaoyun Group Building, Gaomi City, Weifang Municipality, Shandong Provinc, Weifang, CHN
Website
http://www.gmjytrq.com
JY Gas Ltd is a natural gas operator in Gaomi City, Weifang Municipality of Shandong Province. The company derives revenue from the sale of natural gas. Natural gas which it sells includes pipeline natural gas, compressed natural gas and liquefied natural gas. The sale of pipelined natural gas is its principal business.
Executives
Luan Xiaolong 2201 Interest of corporation controlled by you
Zhou Zhan 2202 Interest of your spouse
Lxl Phoenix Limited 2101 Beneficial owner
Cui Shuhua 2202 Interest of your spouse
Llj Phoenix Limited 2101 Beneficial owner
Luan Linjiang 2201 Interest of corporation controlled by you
Sdjy Holding Limited 2201 Interest of corporation controlled by you
Segm Holding Limited 2101 Beneficial owner

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