Hong Kong and China Gas Co (STU:HCG) Debt-to-Equity : 1.06 (As of Jun. 2024)

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What is Hong Kong and China Gas Co Debt-to-Equity?

Hong Kong and China Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €2,694 Mil. Hong Kong and China Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €4,555 Mil. Hong Kong and China Gas Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €6,812 Mil. Hong Kong and China Gas Co's debt to equity for the quarter that ended in Jun. 2024 was 1.06.

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:

STU:HCG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 0.62 Max: 1.06
Current: 1.06

During the past 13 years, the highest Debt-to-Equity Ratio of Hong Kong and China Gas Co was 1.06. The lowest was 0.59. And the median was 0.62.

STU:HCG's Debt-to-Equity is ranked worse than
56.9% of 471 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs STU:HCG: 1.06

Hong Kong and China Gas Co Debt-to-Equity Historical Data

The historical data trend for Hong Kong and China 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.

Hong Kong and China Gas Co Debt-to-Equity Chart

Hong Kong and China Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.59

0.62

0.80

0.95

Hong Kong and China Gas Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.88	0.95	1.01	0.95	1.06

Competitive Comparison of Hong Kong and China Gas Co's Debt-to-Equity

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's Debt-to-Equity Distribution in the 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.

Hong Kong and China Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hong Kong and China 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
	=	(1834.423	+	4847.391)	/	7027.711
	=	0.95

Hong Kong and China Gas Co'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
	=	(2693.707	+	4555.002)	/	6812.163
	=	1.06

Hong Kong and China Gas Co (STU:HCG) 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.

Hong Kong and China Gas Co Debt-to-Equity Related Terms

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Hong Kong and China Gas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hong Kong and China Gas Co Ltd (STU:HCG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HOKCY:USA HOKCF:USA 00003:Hong Kong

Address

363 Java Road, 23rd Floor, North Point, Hong Kong, HKG

Website

http://www.towngas.com

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. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.