Towngas Smart Energy Co (HKSE:01083) Debt-to-Equity : 0.81 (As of Dec. 2023)

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What is Towngas Smart Energy Co Debt-to-Equity?

Towngas Smart Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5,604 Mil. Towngas Smart Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$12,957 Mil. Towngas Smart Energy Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$22,847 Mil. Towngas Smart Energy Co's debt to equity for the quarter that ended in Dec. 2023 was 0.81.

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 Towngas Smart Energy Co's Debt-to-Equity or its related term are showing as below:

HKSE:01083' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.58 Max: 0.92
Current: 0.81

During the past 13 years, the highest Debt-to-Equity Ratio of Towngas Smart Energy Co was 0.92. The lowest was 0.56. And the median was 0.58.

HKSE:01083's Debt-to-Equity is ranked better than
51.78% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs HKSE:01083: 0.81

Towngas Smart Energy Co Debt-to-Equity Historical Data

The historical data trend for Towngas Smart Energy Co'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.

Towngas Smart Energy Co Debt-to-Equity Chart

Towngas Smart Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.56

0.85

0.92

0.81

Towngas Smart Energy Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.85	0.86	0.92	1.00	0.81

Competitive Comparison of Towngas Smart Energy Co's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Towngas Smart Energy Co'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.

Towngas Smart Energy Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Towngas Smart Energy Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Towngas Smart Energy Co's Debt-to-Equity falls into.

Towngas Smart Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Towngas Smart Energy Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(5604.219	+	12956.526)	/	22847.212
	=	0.81

Towngas Smart Energy Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(5604.219	+	12956.526)	/	22847.212
	=	0.81

Towngas Smart Energy Co (HKSE:01083) 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.

Towngas Smart Energy Co Debt-to-Equity Related Terms

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Towngas Smart Energy Co (HKSE:01083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Towngas Smart Energy Co Ltd (HKSE:01083) » Definitions » Debt-to-Equity

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PGJ:Germany

Address

363 Java Road, North Point, 23rd Floor, Hong Kong, HKG

Website

https://www.towngaschina.com

Towngas Smart Energy Co Ltd is an investment holding company engaged in the sales of pipe gas and other types of energy, the construction of gas pipelines, the sale of gas appliances and related products, and other value-added services in the People's Republic of China. It has three operating segments; Sales of piped gas and energy including Sales of piped gas (mainly natural gas) and other types of energy, Gas connection include Construction of gas pipeline networks under gas connection contracts, and Extended business including Sales of gas-related household appliances and related products, and other related value-added services.

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