ENN Natural Gas Co (SHSE:600803) Debt-to-Equity : 1.53 (As of Mar. 2024)

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What is ENN Natural Gas Co Debt-to-Equity?

ENN Natural Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥15,216 Mil. ENN Natural Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥22,598 Mil. ENN Natural Gas Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥24,694 Mil. ENN Natural Gas Co's debt to equity for the quarter that ended in Mar. 2024 was 1.53.

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

SHSE:600803' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 1.74 Max: 5
Current: 1.53

During the past 13 years, the highest Debt-to-Equity Ratio of ENN Natural Gas Co was 5.00. The lowest was 0.65. And the median was 1.74.

SHSE:600803's Debt-to-Equity is ranked worse than
82.42% of 472 companies
in the Conglomerates industry
Industry Median: 0.56 vs SHSE:600803: 1.53

ENN Natural Gas Co Debt-to-Equity Historical Data

The historical data trend for ENN Natural Gas 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.

ENN Natural Gas Co Debt-to-Equity Chart

ENN Natural Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.75

4.01

2.12

2.09

1.44

ENN Natural Gas Co 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															2.06	2.12	2.10	1.44	1.53

Competitive Comparison of ENN Natural Gas Co's Debt-to-Equity

For the Conglomerates subindustry, ENN Natural 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.

ENN Natural Gas Co's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, ENN Natural Gas Co's Debt-to-Equity distribution charts can be found below:

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

ENN Natural Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ENN Natural Gas 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
	=	(11982.64	+	21950.31)	/	23654.82
	=	1.43

ENN Natural Gas Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(15215.51	+	22598.22)	/	24693.53
	=	1.53

ENN Natural Gas Co (SHSE:600803) 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.

ENN Natural Gas Co Debt-to-Equity Related Terms

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

ENN Natural Gas Co (SHSE:600803) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ENN Natural Gas Co Ltd (SHSE:600803) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

383 Heping East Road, Hebei, Shijiazhuang, CHN, 050031

Website

http://www.enn-ec.com.cn

ENN Natural Gas Co Ltd formerly known as ENN Ecological Holdings Co Ltd is a natural gas distributor. The company has formed four division namely natural gas sales, integrated energy services, energy trade, and energy transmission and distribution. Its products include natural gas, coal, methanol, Dimethyl ether, Double junction silicon-based thin film solar panel, Ubiquitous energy efficiency platform, and Micro gas turbine.

Executives

Han Ji Shen	Director
Liang Hong Yu	senior management
Jiang Cheng Hong	Director
Zhang Xiao Yang	senior management
Yu Jian Chao	Director
Zheng Wen Ping	senior management
Wang Dong Zhi	senior management
Zheng Hong Tao	Directors, senior managers
Liu Jian Jun	senior management
Zhang Jin	Director
Wang Shuo	senior management
Huang Bao Guang	senior management
Wang Gui Qi	senior management
Men Ji Jun	senior management
Wang Shi Hong	senior management

ENN Natural Gas Co (SHSE:600803) Headlines

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