Shin HsiungNatural Gas (ROCO:8908) Debt-to-Equity : 0.57 (As of Jun. 2024)

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What is Shin HsiungNatural Gas Debt-to-Equity?

Shin HsiungNatural Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$1,376 Mil. Shin HsiungNatural Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$838 Mil. Shin HsiungNatural Gas's Total Stockholders Equity for the quarter that ended in Jun. 2024 was NT$3,921 Mil. Shin HsiungNatural Gas's debt to equity for the quarter that ended in Jun. 2024 was 0.56.

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

ROCO:8908' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.43 Max: 0.61
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Shin HsiungNatural Gas was 0.61. The lowest was 0.35. And the median was 0.43.

ROCO:8908's Debt-to-Equity is ranked better than
61.89% of 488 companies
in the Utilities - Regulated industry
Industry Median: 0.85 vs ROCO:8908: 0.57

Shin HsiungNatural Gas Debt-to-Equity Historical Data

The historical data trend for Shin HsiungNatural 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.

Shin HsiungNatural Gas Debt-to-Equity Chart

Shin HsiungNatural Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.38

0.52

0.53

0.54

0.60

Shin HsiungNatural Gas Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.58	0.57	0.60	0.58	0.57

Competitive Comparison of Shin HsiungNatural Gas's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Shin HsiungNatural 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.

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

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

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

Shin HsiungNatural Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shin HsiungNatural 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
	=	(1336.156	+	1024.443)	/	3919.252
	=	0.60

Shin HsiungNatural Gas'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
	=	(1375.985	+	838.389)	/	3921.003
	=	0.56

Shin HsiungNatural Gas (ROCO:8908) 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.

Shin HsiungNatural Gas Debt-to-Equity Related Terms

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Shin HsiungNatural Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shin HsiungNatural Gas Inc (ROCO:8908) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99, Section 1, Guotai Road, Fengshan District, Kaohsiung, TWN, 830

Website

https://www.shng.com.tw

Shin HsiungNatural Gas Inc is a supplier of natural gas. The main business scope includes gas supply through pipelines, manufacturing and sales of gas equipment, rental, sales and manufacturing of gas meters, and installation, maintenance and import of the related equipment.

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