Hiroshima Gas Co (TSE:9535) Debt-to-Equity : 0.76 (As of Dec. 2023)

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What is Hiroshima Gas Co Debt-to-Equity?

Hiroshima Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,040 Mil. Hiroshima Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円43,654 Mil. Hiroshima Gas Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円65,610 Mil. Hiroshima Gas Co's debt to equity for the quarter that ended in Dec. 2023 was 0.76.

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

TSE:9535' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.72 Max: 1.24
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Hiroshima Gas Co was 1.24. The lowest was 0.57. And the median was 0.72.

TSE:9535's Debt-to-Equity is ranked worse than
67.83% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs TSE:9535: 0.76

Hiroshima Gas Co Debt-to-Equity Historical Data

The historical data trend for Hiroshima 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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Hiroshima Gas Co Debt-to-Equity Chart

Hiroshima Gas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.72

0.66

0.60

0.62

0.87

Hiroshima Gas Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.91	0.87	0.76	0.73	0.76

Competitive Comparison of Hiroshima Gas Co's Debt-to-Equity

For the Oil & Gas Integrated subindustry, Hiroshima 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.

Hiroshima Gas Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hiroshima Gas Co's Debt-to-Equity distribution charts can be found below:

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

Hiroshima Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hiroshima Gas Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(12000	+	44123)	/	64538
	=	0.87

Hiroshima Gas Co's Debt to Equity Ratio for the quarter 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
	=	(6040	+	43654)	/	65610
	=	0.76

Hiroshima Gas Co (TSE:9535) 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.

Hiroshima Gas Co Debt-to-Equity Related Terms

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Hiroshima Gas Co (TSE:9535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hiroshima Gas Co Ltd (TSE:9535) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

2-7-1 Minami-machi, Minami-ku, Hiroshima, JPN, 734-8555

Website

http://www.hiroshima-gas.co.jp

Hiroshima Gas Co Ltd engages in the gas business which includes the sale of gas appliances, liquefied natural gas (LNG), and liquefied petroleum gas (LPG). It engages in the production, supply, and sale of gas; wholesale supply of gas to other gas companies; sale of gas devices; and installation of gas equipment associated with gas devices, as well as safety inspections and gas meter data collection activities. The company is also involved in the sale of LPG and LPG devices; refilling of LPG tanks; installation of LPG pipes; and construction of gas pipes and lines. In addition, it engages in the engineering; machinery installation; fees collection and call center operation; and information distribution activities, as well as provision of services for seniors.

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