China Technology Industry Group (HKSE:08111) Debt-to-Equity : 1.28 (As of Sep. 2023)

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What is China Technology Industry Group Debt-to-Equity?

China Technology Industry Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$66.46 Mil. China Technology Industry Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.15 Mil. China Technology Industry Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$52.01 Mil. China Technology Industry Group's debt to equity for the quarter that ended in Sep. 2023 was 1.28.

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 Technology Industry Group's Debt-to-Equity or its related term are showing as below:

HKSE:08111' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.61 Max: 5.02
Current: 1.28

During the past 13 years, the highest Debt-to-Equity Ratio of China Technology Industry Group was 5.02. The lowest was 0.14. And the median was 0.61.

HKSE:08111's Debt-to-Equity is ranked worse than
90.82% of 882 companies
in the Semiconductors industry
Industry Median: 0.26 vs HKSE:08111: 1.28

China Technology Industry Group Debt-to-Equity Historical Data

The historical data trend for China Technology Industry 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.

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China Technology Industry Group Debt-to-Equity Chart

China Technology Industry Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.14

5.02

0.53

0.52

0.89

China Technology Industry Group 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															0.66	N/A	0.89	N/A	1.28

Competitive Comparison of China Technology Industry Group's Debt-to-Equity

For the Solar subindustry, China Technology Industry 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.

China Technology Industry Group's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, China Technology Industry Group's Debt-to-Equity distribution charts can be found below:

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

China Technology Industry Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Technology Industry Group'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
	=	(59.613	+	0.485)	/	67.713
	=	0.89

China Technology Industry Group'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
	=	(66.461	+	0.148)	/	52.008
	=	1.28

China Technology Industry Group (HKSE:08111) 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 Technology Industry Group Debt-to-Equity Related Terms

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China Technology Industry Group (HKSE:08111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Technology Industry Group Ltd (HKSE:08111) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ocean Centre, Suite 704, 7th Floor, Harbour City, Kowloon, Hong Kong, HKG

Website

http://www.chinatechindgroup.com

China Technology Industry Group Ltd is engaged in the Sale of renewable energy products, New energy power system integration business, Sales of self-service automatic teller machine (ATM) systems and printing systems, and Provision of hardware and software technical support services. Key revenue is derived from the Sale of renewable energy products such as solar and wind power-related products. The group operates in the PRC. It has two segments sales of renewable energy products and New energy power system integration business. It generates maximum revenue from the Sales of renewable energy products.

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