GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hsin Tai Gas Corp (ROCO:8917) » Definitions » Debt-to-Equity

Hsin Tai Gas (ROCO:8917) Debt-to-Equity : 0.01 (As of Mar. 2024)


View and export this data going back to 1999. Start your Free Trial

What is Hsin Tai Gas Debt-to-Equity?

Hsin Tai Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$7 Mil. Hsin Tai Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$9 Mil. Hsin Tai Gas's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$2,809 Mil. Hsin Tai Gas's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

ROCO:8917' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.01
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Hsin Tai Gas was 0.01. The lowest was 0.00. And the median was 0.01.

ROCO:8917's Debt-to-Equity is ranked better than
99.79% of 484 companies
in the Utilities - Regulated industry
Industry Median: 0.86 vs ROCO:8917: 0.01

Hsin Tai Gas Debt-to-Equity Historical Data

The historical data trend for Hsin Tai 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.

Hsin Tai Gas Debt-to-Equity Chart

Hsin Tai Gas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.01

Hsin Tai Gas Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.01

Competitive Comparison of Hsin Tai Gas's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Hsin Tai 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.


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

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

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



Hsin Tai Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hsin Tai Gas's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Hsin Tai Gas's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Hsin Tai Gas  (ROCO:8917) 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.


Hsin Tai Gas Debt-to-Equity Related Terms

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


Hsin Tai Gas (ROCO:8917) Business Description

Traded in Other Exchanges
N/A
Address
No. 221, Section 2, Zhonghua Road, Tucheng District, New Taipei City, TWN
Hsin Tai Gas Corp is engaged in natural gas supply, natural gas transmission system construction, sale and installation of gas meters, and office building rental business. The company provides natural gases mainly to families, government organizations, and other areas. It operates its business mainly in New Taipei City.

Hsin Tai Gas (ROCO:8917) Headlines

No Headlines