Yuan Heng Gas Holdings (HKSE:00332) Debt-to-Equity : 0.88 (As of Sep. 2023)

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What is Yuan Heng Gas Holdings Debt-to-Equity?

Yuan Heng Gas Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1,345 Mil. Yuan Heng Gas Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0 Mil. Yuan Heng Gas Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$1,526 Mil. Yuan Heng Gas Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.88.

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

HKSE:00332' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.86 Max: 1.46
Current: 0.88

During the past 13 years, the highest Debt-to-Equity Ratio of Yuan Heng Gas Holdings was 1.46. The lowest was 0.32. And the median was 0.86.

HKSE:00332's Debt-to-Equity is ranked worse than
71.96% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs HKSE:00332: 0.88

Yuan Heng Gas Holdings Debt-to-Equity Historical Data

The historical data trend for Yuan Heng Gas Holdings'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.

Yuan Heng Gas Holdings Debt-to-Equity Chart

Yuan Heng Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.02

1.20

0.93

0.82

0.92

Yuan Heng Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.82	0.82	0.78	0.92	0.88

Competitive Comparison of Yuan Heng Gas Holdings's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Yuan Heng Gas Holdings'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.

Yuan Heng Gas Holdings's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Yuan Heng Gas Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yuan Heng Gas Holdings'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
	=	(1287.053	+	168.231)	/	1587.716
	=	0.92

Yuan Heng Gas Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1344.893	+	0.276)	/	1525.603
	=	0.88

Yuan Heng Gas Holdings (HKSE:00332) 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.

Yuan Heng Gas Holdings Debt-to-Equity Related Terms

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Yuan Heng Gas Holdings (HKSE:00332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yuan Heng Gas Holdings Ltd (HKSE:00332) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

16 Harcourt Road, Room 4102, 41st Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.yuanhenggas.com

Yuan Heng Gas Holdings Ltd is an investment holding company. The company's operating segment includes production and sales of LNG, oil and gas transactions, and piped gas. The majority of the revenue is generated from oil and gas transactions. Its geographical segments include the People's Republic of China(PRC), Hong Kong, and Singapore, of which the majority of the revenue comes from PRC.

Yuan Heng Gas Holdings (HKSE:00332) Headlines

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