Higashinihon Gas (FRA:HIS) Debt-to-Equity : 0.24 (As of Dec. 2013)

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What is Higashinihon Gas Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Dec. 2013 was €46.10 Mil. Higashinihon Gas's debt to equity for the quarter that ended in Dec. 2013 was 0.24.

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

FRA:HIS's Debt-to-Equity is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 0.875
* Ranked among companies with meaningful Debt-to-Equity only.

Higashinihon Gas Debt-to-Equity Historical Data

The historical data trend for Higashinihon Gas'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.

* Premium members only.

Higashinihon Gas Debt-to-Equity Chart

Higashinihon Gas Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Debt-to-Equity

0.47

0.36

0.34

0.30

0.26

Higashinihon Gas Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Debt-to-Equity	Get a 7-Day Free Trial							0.31	0.26	0.24	0.25	0.24

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

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

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

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

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

Higashinihon Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Higashinihon Gas's Debt to Equity Ratio for the fiscal year that ended in Mar. 2013 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
	=	(3.258	+	10.487)	/	53.286
	=	0.26

Higashinihon Gas's Debt to Equity Ratio for the quarter that ended in Dec. 2013 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
	=	(4.234	+	6.713)	/	46.102
	=	0.24

Higashinihon Gas (FRA:HIS) 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.

Higashinihon Gas Debt-to-Equity Related Terms

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Higashinihon Gas (FRA:HIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Higashinihon Gas Corporation (FRA:HIS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.hngas.co.jp

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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