Guangdong Huate Gas Co (SHSE:688268) Debt-to-Equity : 0.45 (As of Dec. 2024)

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What is Guangdong Huate Gas Co Debt-to-Equity?

Guangdong Huate Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ¥117 Mil. Guangdong Huate Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ¥767 Mil. Guangdong Huate Gas Co's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ¥1,950 Mil. Guangdong Huate Gas Co's debt to equity for the quarter that ended in Dec. 2024 was 0.45.

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

SHSE:688268' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.48
Current: 0.45

During the past 11 years, the highest Debt-to-Equity Ratio of Guangdong Huate Gas Co was 0.48. The lowest was 0.01. And the median was 0.08.

SHSE:688268's Debt-to-Equity is ranked worse than
55.87% of 1389 companies
in the Chemicals industry
Industry Median: 0.37 vs SHSE:688268: 0.45

Guangdong Huate Gas Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Huate 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.

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Guangdong Huate Gas Co Debt-to-Equity Chart

Guangdong Huate Gas Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.03

0.10

0.23

0.48

0.45

Guangdong Huate Gas Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.48	0.47	0.47	0.48	0.45

Competitive Comparison of Guangdong Huate Gas Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Guangdong Huate 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.

Guangdong Huate Gas Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Huate Gas Co's Debt-to-Equity distribution charts can be found below:

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

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Guangdong Huate Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Huate Gas Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(116.954	+	766.813)	/	1949.872
	=	0.45

Guangdong Huate Gas Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(116.954	+	766.813)	/	1949.872
	=	0.45

Guangdong Huate Gas Co (SHSE:688268) 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.

Guangdong Huate Gas Co Debt-to-Equity Related Terms

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Guangdong Huate Gas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Huate Gas Co Ltd (SHSE:688268) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Jinfeng Road, Heshunfeng West Village, Nanhai District, Guangdong Province, East of Wentouling, Lishui Town, Foshan, CHN

Website

http://www.huategas.com

Guangdong Huate Gas Co Ltd is engaged in research, development and production of gas and gas equipment, covering industrial gases, electronic gases, electric light gases, ultra-high pure gases, calibration gases, laser gases, medical gases, and food grade gases. Its equipments include LGC, vaporizer, LNG emergency skids, and installation of equipment for the application of ultra high pure gases and industrial gases.

Executives

Fu Zhu Hong	Director
Wan Ling Zhi	senior management
Chen Yan Shan	Core technical personnel
Zhang Sui Hua	Directors, senior managers
Shi Ping Xiang	Director
Chen Li Ping	senior management
Pei You Hong	Core technical personnel
Liao Heng Yi	Senior management, core technical personnel
Zhang Jun Hua	senior management

Guangdong Huate Gas Co Headlines

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