AS Latvijas Gaze (ORSE:GZE1R) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is AS Latvijas Gaze Debt-to-Equity?

AS Latvijas Gaze's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.1 Mil. AS Latvijas Gaze's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.3 Mil. AS Latvijas Gaze's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €133.8 Mil. AS Latvijas Gaze's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 AS Latvijas Gaze's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of AS Latvijas Gaze was 0.38. The lowest was 0.00. And the median was 0.09.

ORSE:GZE1R's Debt-to-Equity is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 0.885
* Ranked among companies with meaningful Debt-to-Equity only.

AS Latvijas Gaze Debt-to-Equity Historical Data

The historical data trend for AS Latvijas Gaze'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.

AS Latvijas Gaze Debt-to-Equity Chart

AS Latvijas Gaze Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.07

0.17

AS Latvijas Gaze Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of AS Latvijas Gaze's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, AS Latvijas Gaze'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.

AS Latvijas Gaze's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where AS Latvijas Gaze's Debt-to-Equity falls into.

AS Latvijas Gaze Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AS Latvijas Gaze'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
	=	(0	+	0)	/	125.087
	=	0.00

AS Latvijas Gaze's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0.064	+	0.253)	/	133.824
	=	0.00

AS Latvijas Gaze (ORSE:GZE1R) 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.

AS Latvijas Gaze Debt-to-Equity Related Terms

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AS Latvijas Gaze (ORSE:GZE1R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » AS Latvijas Gaze (ORSE:GZE1R) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

UMA:Germany

Address

6 Aristida Bri?na Street, Riga, LVA, LV-1001

Website

https://www.lg.lv

AS Latvijas Gaze is a Latvia-based company, which is engaged in the energy supply sector. The operation of the group is the transmission, storage, distribution and sales of natural gas in Latvia. The operating business segments are the Natural gas sales & trading segment and distribution segment. The Natural gas sales & trading segment comprises the purchase, trade, and sale of natural gas. The Distribution segment provides natural gas distribution services in Latvia. The maximum revenue of the company is derived from the Natural gas sales & trading segment.

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