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Hong Kong and China Gas CoHOKCF 42 Debt-to-Equity is 1.03 as of Dec. 2025, which is 45% above its 10-year median of 0.71. GuruFocus rates HOKCF with a GF Score™ of 42/100 and a GF Value™ of $0.72 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 472 Utilities - Regulated companies, Hong Kong and China Gas Co ranks worse than 51.27% on this metric.
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 Hong Kong and China Gas Co's Debt-to-Equity or its related term are showing as below:
HOKCF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 0.71 Max: 1.03
Current: 1.03
During the past 13 years, the highest Debt-to-Equity Ratio of Hong Kong and China Gas Co was 1.03. The lowest was 0.59. And the median was 0.71.
HOKCF's Debt-to-Equity is ranked worse than 51.27% of 472
companies
in the Utilities - Regulated industry
Industry Median: 0.985
vs HOKCF: 1.03
Hong Kong and China Gas Co (OTCPK:HOKCF) 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.
Hong Kong and China Gas Co Debt-to-Equity Related Terms
Hong Kong and China Gas Co Debt-to-Equity Historical Data
* 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.
For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas 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.
Hong Kong and China Gas Co Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Hong Kong and China Gas Co'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.
Hong Kong and China Gas Co (HOKCF) has a Debt-to-Equity of 1.03 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hong Kong and China Gas Co and its competitors. This is 45% above median its historical median of 0.71. Over the past decade, Hong Kong and China Gas Co's Debt-to-Equity has ranged from 0.59 to 1.03. According to the industry distribution chart, Hong Kong and China Gas Co ranks #242 out of 472 companies in the Utilities - Regulated industry, placing it in the top 51.3%.
Is Hong Kong and China Gas Co's Debt-to-Equity too high?
Hong Kong and China Gas Co's current Debt-to-Equity of 1.03 is 45% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.03. The Utilities - Regulated industry median Debt-to-Equity is 0.99. Hong Kong and China Gas Co's value of 1.03 is 4.6% above this industry median. Based on the distribution chart, Hong Kong and China Gas Co ranks #242 out of 472 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Hong Kong and China Gas Co has a GF Score™ of 42/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong and China Gas Co's Debt-to-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hong Kong and China Gas Co ranks #242 out of 472 companies for Debt-to-Equity. This places Hong Kong and China Gas Co in the lower half of its industry. The industry median Debt-to-Equity is 0.99. Hong Kong and China Gas Co's value of 1.03 is 4.6% above this benchmark. Historically, Hong Kong and China Gas Co's own Debt-to-Equity has ranged from 0.59 to 1.03 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.99, Hong Kong and China Gas Co has consistently been above the industry average. 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 an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.99, based on 472 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. Hong Kong and China Gas Co's current Debt-to-Equity of 1.03 is 4.6% above the industry median. 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 Hong Kong and China Gas Co and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong and China Gas Co's current Debt-to-Equity is 1.03, which is 45% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong and China Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong and China Gas Co (HOKCF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.72, compared to a current price of $0.83 — trading 15.3% above its estimated fair value. The current Debt-to-Equity is 1.03, which is 45% above median its 10-year median of 0.71 and 4.6% above the Utilities - Regulated industry median of 0.99. Hong Kong and China Gas Co's overall GF Score™ is 42/100 with 12 warning signs to review. 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 Hong Kong and China Gas Co (HOKCF), the current Debt-to-Equity is 1.03 as of Dec. 2025. 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.
Is Hong Kong and China Gas Co (HOKCF) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Kong and China Gas Co stock appears to be overvalued.
The current stock price of $0.83 is trading 15.3% above its estimated GF Value™ of $0.72.
GuruFocus considers Hong Kong and China Gas Co to be Modestly Overvalued.
Key valuation signals for HOKCF:
Debt-to-Equity: 1.03 (45% above median its 10-year median of 0.71)
GF Value™: $0.72 vs. price of $0.83 (15.3% above fair value)
Industry Position: 4.6% above the Utilities - Regulated median (#242 of 472)
No single metric tells the full story. See the HOKCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. The company is also investing in water, upstream gas, and new energies. The Group's principal activities are the production, distribution, and marketing of gas and related products or services, water supply and waste treatment, renewable energy businesses, extended businesses, and fuels businesses (Green Fuels) in Hong Kong and the Chinese mainland. The company operates in three segments: Gas, water and waste treatment, renewable energy, extended businesses, and related businesses, Green Fuels, and Property.
42GF Score
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