China Banking (China Banking) Debt-to-Equity : 0.67 (As of Sep. 2023)

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What is China Banking Debt-to-Equity?

China Banking's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. China Banking's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,627.92 Mil. China Banking's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $2,448.12 Mil. China Banking's debt to equity for the quarter that ended in Sep. 2023 was 0.66.

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 China Banking's Debt-to-Equity or its related term are showing as below:

CKGOY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.39 Max: 0.93
Current: 0.67

During the past 13 years, the highest Debt-to-Equity Ratio of China Banking was 0.93. The lowest was 0.09. And the median was 0.39.

CKGOY's Debt-to-Equity is ranked better than
50.57% of 1392 companies
in the Banks industry
Industry Median: 0.68 vs CKGOY: 0.67

China Banking Debt-to-Equity Historical Data

The historical data trend for China Banking'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.

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China Banking Debt-to-Equity Chart

China Banking Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.45

0.77

0.75

0.93

0.76

China Banking Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.87	0.76	0.68	0.69	0.67

Competitive Comparison of China Banking's Debt-to-Equity

For the Banks - Regional subindustry, China Banking'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.

China Banking's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Banking's Debt-to-Equity distribution charts can be found below:

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

China Banking Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Banking's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	1761.799)	/	2331.136
	=	0.76

China Banking'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
	=	(0	+	1627.921)	/	2448.122
	=	0.66

China Banking (OTCPK:CKGOY) 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.

China Banking Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of China Banking's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

China Banking (China Banking) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Banking Corp (OTCPK:CKGOY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CHIB:Philippines

Address

8745 Paseo de Roxas corner Villar Street, 15th Floor, China Bank Building, Makati City, PHL, 1226

Website

https://www.chinabank.ph

China Banking Corp is a commercial bank engaged in corporate and SME lending, retail loans including mortgage and auto loans, treasury and foreign exchange trading, trust and investment management, wealth management, cash management, and insurance products. The group has five business segments namely, Institutional Banking, Consumer Banking, Retail Banking Business, Financial Markets, and Others which include credit management, thrift banking business, operations and financial control, and other support services. The majority of the company's revenue comes from the Retail Banking Business.

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