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Higashinihon Gas (FRA:HIS) Debt-to-Asset : 0.14 (As of Dec. 2013)


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What is Higashinihon Gas Debt-to-Asset?

Higashinihon Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2013 was €4.23 Mil. Higashinihon Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2013 was €6.71 Mil. Higashinihon Gas's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2013 was €79.41 Mil. Higashinihon Gas's debt to asset for the quarter that ended in Dec. 2013 was 0.14.


Higashinihon Gas Debt-to-Asset Historical Data

The historical data trend for Higashinihon Gas'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.

* Premium members only.

Higashinihon Gas Debt-to-Asset Chart

Higashinihon Gas Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13
Debt-to-Asset
0.22 0.18 0.17 0.15 0.14

Higashinihon Gas Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.14 0.14 0.15 0.14

Competitive Comparison of Higashinihon Gas's Debt-to-Asset

For the Utilities - Regulated Gas subindustry, Higashinihon Gas'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.


Higashinihon Gas's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Higashinihon Gas's Debt-to-Asset distribution charts can be found below:

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



Higashinihon Gas Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Higashinihon Gas's Debt-to-Asset for the fiscal year that ended in Mar. 2013 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(3.258 + 10.487) / 96.308
=0.14

Higashinihon Gas's Debt-to-Asset for the quarter that ended in Dec. 2013 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.


Higashinihon Gas  (FRA:HIS) 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.


Higashinihon Gas Debt-to-Asset Related Terms

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Higashinihon Gas (FRA:HIS) Business Description

Traded in Other Exchanges
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Higashinihon Gas Corporation is engaged in the production and supply of natural gas as well as construction of gas pipelines for key areas in East Japan. It also sells gas appliances and related equipment.

Higashinihon Gas (FRA:HIS) Headlines

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