Shin Shin Natural Gas Co (TPE:9918) Debt-to-Equity : 0.01 (As of Mar. 2024)

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

Shin Shin Natural Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$12 Mil. Shin Shin Natural Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$3 Mil. Shin Shin Natural Gas Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$3,075 Mil. Shin Shin Natural Gas Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

TPE:9918' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.08
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Shin Shin Natural Gas Co was 0.08. The lowest was 0.00. And the median was 0.01.

TPE:9918's Debt-to-Equity is ranked better than
99.79% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.85 vs TPE:9918: 0.01

Shin Shin Natural Gas Co Debt-to-Equity Historical Data

The historical data trend for Shin Shin 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.

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Shin Shin Natural Gas Co Debt-to-Equity Chart

Shin Shin Natural Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Shin Shin 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															0.01	0.01	0.01	0.01	0.01

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

For the Utilities - Regulated Gas subindustry, Shin Shin 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.

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

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

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

Shin Shin Natural Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shin Shin 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
	=	(22.139	+	3.673)	/	3166.153
	=	0.01

Shin Shin 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
	=	(11.524	+	3.102)	/	3075.062
	=	0.00

Shin Shin Natural Gas Co (TPE:9918) 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 Shin Natural Gas Co Debt-to-Equity Related Terms

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Shin Shin Natural Gas Co (TPE:9918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shin Shin Natural Gas Co Ltd (TPE:9918) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100, Section 1, Yonghe Road, Yonghe District, Taipei, TWN

Website

https://www.shinshingas.com.tw

Shin Shin Natural Gas Co Ltd is a Taiwan-based company engaged in the transmission of combustible natural gas by pipeline for non-industrial fuel supply, the installation of gas pipeline construction, and other related natural gas industry and affiliated businesses. The company mainly operates in two segments which are the Gas sales segment mainly responsible for the supply of natural gas to customers through pipelines and the Installation segment mainly responsible for the installation of natural gas transmission pipelines and gas safety equipment.

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