Avance Gas Holding (CHIX:AGASO) Debt-to-Asset

: 0.45 (As of Dec. 2023)

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Avance Gas Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr737 Mil. Avance Gas Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr4,794 Mil. Avance Gas Holding's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was kr12,170 Mil. Avance Gas Holding's debt to asset for the quarter that ended in Dec. 2023 was 0.45.

Avance Gas Holding Debt-to-Asset Historical Data

The historical data trend for Avance Gas Holding's Debt-to-Asset 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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Avance Gas Holding Annual Data

Trend

Nov13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.50

0.46

0.41

0.42

0.45

Avance Gas Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.42	0.45	0.47	0.46	0.45

Competitive Comparison

For the Oil & Gas Midstream subindustry, Avance Gas Holding's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Avance Gas Holding Debt-to-Asset Distribution

For the Oil & Gas industry and Energy sector, Avance Gas Holding's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Avance Gas Holding's Debt-to-Asset falls into.

Avance Gas Holding Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Avance Gas Holding's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(736.939	+	4794.006)	/	12169.63
	=	0.45

Avance Gas Holding's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(736.939	+	4794.006)	/	12169.63
	=	0.45

Avance Gas Holding (CHIX:AGASo) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Avance Gas Holding Debt-to-Asset Related Terms

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Avance Gas Holding (CHIX:AGASO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avance Gas Holding Ltd (CHIX:AGASo) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AVACF:USA AVANCEo:Sweden AGAS:Norway 0QTX:UK A07:Germany

Address

14 Par-la-Ville Road, 4th floor, PO Box HM 1593, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.avancegas.com

Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment that is liquefied petroleum gas.

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