Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Hong Kong Exchanges and Clearing Debt-to-Equity?

Hong Kong Exchanges and Clearing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $35 Mil. Hong Kong Exchanges and Clearing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $171 Mil. Hong Kong Exchanges and Clearing's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,574 Mil. Hong Kong Exchanges and Clearing's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Hong Kong Exchanges and Clearing's Debt-to-Equity or its related term are showing as below:

HKXCY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.32
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Hong Kong Exchanges and Clearing was 0.32. The lowest was 0.03. And the median was 0.05.

HKXCY's Debt-to-Equity is ranked better than
86.68% of 608 companies
in the Capital Markets industry
Industry Median: 0.37 vs HKXCY: 0.03

Hong Kong Exchanges and Clearing Debt-to-Equity Historical Data

The historical data trend for Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing Debt-to-Equity Chart

Hong Kong Exchanges and Clearing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.05

0.04

0.03

Hong Kong Exchanges and Clearing 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															0.04	0.03	0.04	0.03	N/A

Competitive Comparison of Hong Kong Exchanges and Clearing's Debt-to-Equity

For the Financial Data & Stock Exchanges subindustry, Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hong Kong Exchanges and Clearing's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hong Kong Exchanges and Clearing's Debt-to-Equity falls into.

Hong Kong Exchanges and Clearing Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hong Kong Exchanges and Clearing'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
	=	(34.572	+	170.811)	/	6574.304
	=	0.03

Hong Kong Exchanges and Clearing'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
	=	(34.572	+	170.811)	/	6574.304
	=	0.03

Hong Kong Exchanges and Clearing (OTCPK:HKXCY) 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.

Hong Kong Exchanges and Clearing Debt-to-Equity Related Terms

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Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hong Kong Exchanges and Clearing Ltd (OTCPK:HKXCY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HKXCF:USA 00388:Hong Kong HK2C:Germany

Address

8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG

Website

https://www.hkexgroup.com

Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.