Sino Gas Holdings Group (HKSE:01759) Debt-to-Equity : 1.32 (As of Dec. 2023)

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What is Sino Gas Holdings Group Debt-to-Equity?

Sino Gas Holdings Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$556 Mil. Sino Gas Holdings Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3 Mil. Sino Gas Holdings Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$422 Mil. Sino Gas Holdings Group's debt to equity for the quarter that ended in Dec. 2023 was 1.32.

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

HKSE:01759' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.76 Max: 1.43
Current: 1.32

During the past 9 years, the highest Debt-to-Equity Ratio of Sino Gas Holdings Group was 1.43. The lowest was 0.29. And the median was 0.76.

HKSE:01759's Debt-to-Equity is ranked worse than
77.02% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs HKSE:01759: 1.32

Sino Gas Holdings Group Debt-to-Equity Historical Data

The historical data trend for Sino Gas Holdings Group'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.

Sino Gas Holdings Group Debt-to-Equity Chart

Sino Gas Holdings Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.54

0.68

1.43

1.36

1.32

Sino Gas Holdings Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											1.43	1.56	1.36	2.48	1.32

Competitive Comparison of Sino Gas Holdings Group's Debt-to-Equity

For the Specialty Retail subindustry, Sino Gas Holdings Group'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.

Sino Gas Holdings Group's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sino Gas Holdings Group's Debt-to-Equity distribution charts can be found below:

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

Sino Gas Holdings Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sino Gas Holdings Group'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
	=	(556.241	+	2.621)	/	422.426
	=	1.32

Sino Gas Holdings Group'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
	=	(556.241	+	2.621)	/	422.426
	=	1.32

Sino Gas Holdings Group (HKSE:01759) 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.

Sino Gas Holdings Group Debt-to-Equity Related Terms

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Sino Gas Holdings Group (HKSE:01759) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sino Gas Holdings Group Ltd (HKSE:01759) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

13 Haian Road, Room 3103, Block A1, Caifu Shi Ji Plaza, Tianhe District, Guangzhou, CHN

Website

https://www.sinogasholdings.com

Sino Gas Holdings Group Ltd is an integrated LPG and natural gas supplier in China. The company's segments include Retail and Wholesale. The Retail segment generates revenue from the sale of LPG, CNG, and LNG to vehicular end users by operating gas refueling stations, industrial customers, and bottled LPG end-users whereas, the Wholesale segment generates revenue from the sale of LPG, CNG, and LNG to gas merchants. The firm generates a majority of its revenue from the Wholesale segment in the People's Republic of China.

Executives

China Full Limited	2101 Beneficial owner
Petrochemical Gas Group Limited	2201 Interest of corporation controlled by you
Sino Gas Holdings Group Limited	2201 Interest of corporation controlled by you
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Petrochemical Gas Energy Group Limited	2101 Beneficial owner
Petrochemical Gas Energy Limited	2101 Beneficial owner
Ji Guang	2501 Other
Yang Ling	2202 Interest of your spouse

Sino Gas Holdings Group (HKSE:01759) Headlines

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