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Hong Kong and China Gas CoHOKCF 40 Equity-to-Asset is 0.36 as of Dec. 2025, which is 18% below its 10-year median of 0.44. GuruFocus rates HOKCF with a GF Score™ of 40/100 and a GF Value™ of $0.74 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 506 Utilities - Regulated companies, Hong Kong and China Gas Co ranks better than 50.4% on this metric.
Hong Kong and China Gas Co (OTCPK:HOKCF) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Hong Kong and China Gas Co Equity-to-Asset Related Terms
Hong Kong and China Gas Co Equity-to-Asset Historical Data
* 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.
For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas Co's Equity-to-Asset, along with its competitors' market caps and Equity-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.
Hong Kong and China Gas Co Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Hong Kong and China Gas Co's Equity-to-Asset falls into.
Hong Kong and China Gas Co Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Hong Kong and China Gas Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Hong Kong and China Gas Co (HOKCF) has a Equity-to-Asset of 0.36 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Hong Kong and China Gas Co and its competitors. This is 18% below median its historical median of 0.44. Over the past decade, Hong Kong and China Gas Co's Equity-to-Asset has ranged from 0.36 to 0.48. According to the industry distribution chart, Hong Kong and China Gas Co ranks #251 out of 506 companies in the Utilities - Regulated industry, placing it in the top 49.6%.
Is Hong Kong and China Gas Co's Equity-to-Asset too high?
Hong Kong and China Gas Co's current Equity-to-Asset of 0.36 is 18% below median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 0.48. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Hong Kong and China Gas Co's value of 0.36 is 0% at this industry median. Based on the distribution chart, Hong Kong and China Gas Co ranks #251 out of 506 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Hong Kong and China Gas Co has a GF Score™ of 40/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong and China Gas Co's Equity-to-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hong Kong and China Gas Co ranks #251 out of 506 companies for Equity-to-Asset. This puts Hong Kong and China Gas Co in the upper half of its industry. The industry median Equity-to-Asset is 0.36. Hong Kong and China Gas Co's value of 0.36 is 0% at this benchmark. Historically, Hong Kong and China Gas Co's own Equity-to-Asset has ranged from 0.36 to 0.48 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.36, Hong Kong and China Gas Co has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hong Kong and China Gas Co's current Equity-to-Asset of 0.36 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Hong Kong and China Gas Co and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong and China Gas Co's current Equity-to-Asset is 0.36, which is 18% below median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong and China Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong and China Gas Co (HOKCF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.74, compared to a current price of $0.87 — trading 17.4% above its estimated fair value. The current Equity-to-Asset is 0.36, which is 18% below median its 10-year median of 0.44 and 0% at the Utilities - Regulated industry median of 0.36. Hong Kong and China Gas Co's overall GF Score™ is 40/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Hong Kong and China Gas Co (HOKCF), the current Equity-to-Asset is 0.36 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hong Kong and China Gas Co (HOKCF) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Kong and China Gas Co stock appears to be overvalued.
The current stock price of $0.87 is trading 17.4% above its estimated GF Value™ of $0.74.
GuruFocus considers Hong Kong and China Gas Co to be Modestly Overvalued.
Key valuation signals for HOKCF:
Equity-to-Asset: 0.36 (18% below median its 10-year median of 0.44)
GF Value™: $0.74 vs. price of $0.87 (17.4% above fair value)
Industry Position: 0% at the Utilities - Regulated median (#251 of 506)
No single metric tells the full story. See the HOKCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The company is also investing in water, upstream gas, and new energies. The Group's principal activities are the production, distribution, and marketing of gas and related products or services, water supply and waste treatment, renewable energy businesses, extended businesses, and fuels businesses (Green Fuels) in Hong Kong and the Chinese mainland. The company operates in three segments: Gas, water and waste treatment, renewable energy, extended businesses, and related businesses, Green Fuels, and Property.
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