China Travel International Investment Hong Kong (HKSE:00308) Debt-to-Equity : 0.16 (As of Dec. 2023)

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What is China Travel International Investment Hong Kong Debt-to-Equity?

China Travel International Investment Hong Kong's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,306 Mil. China Travel International Investment Hong Kong's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,350 Mil. China Travel International Investment Hong Kong's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$16,354 Mil. China Travel International Investment Hong Kong's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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 Travel International Investment Hong Kong's Debt-to-Equity or its related term are showing as below:

HKSE:00308' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.16
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of China Travel International Investment Hong Kong was 0.16. The lowest was 0.01. And the median was 0.06.

HKSE:00308's Debt-to-Equity is ranked better than
75.58% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:00308: 0.16

China Travel International Investment Hong Kong Debt-to-Equity Historical Data

The historical data trend for China Travel International Investment Hong Kong'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.

China Travel International Investment Hong Kong Debt-to-Equity Chart

China Travel International Investment Hong Kong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.06

0.08

0.11

0.16

China Travel International Investment Hong Kong Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.09	0.11	0.08	0.16

Competitive Comparison of China Travel International Investment Hong Kong's Debt-to-Equity

For the Leisure subindustry, China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China Travel International Investment Hong Kong's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Travel International Investment Hong Kong's Debt-to-Equity falls into.

China Travel International Investment Hong Kong Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Travel International Investment Hong Kong'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
	=	(1305.675	+	1350.477)	/	16354.364
	=	0.16

China Travel International Investment Hong Kong'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
	=	(1305.675	+	1350.477)	/	16354.364
	=	0.16

China Travel International Investment Hong Kong (HKSE:00308) 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 Travel International Investment Hong Kong Debt-to-Equity Related Terms

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

China Travel International Investment Hong Kong (HKSE:00308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Travel International Investment Hong Kong Ltd (HKSE:00308) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CTVIF:USA CTI:Germany

Address

78-83 Connaught Road Central, 12th Floor, CTS House, Hong Kong, HKG

Website

http://www.hkcts.com

China Travel International Investment Hong Kong Ltd is a holding company focused on leisure investments. The company has four primary divisions: travel agency and related operations, tourist attractions, hotels, and passenger transportation services. It derives revenue from its travel agency, tourist attraction, and hotel operations. Travel agency and related operations include the company's travel agency and travel document businesses. Tourist attraction operations, which comprise the largest portion of company revenue, include theme parks, resorts, and scenic destinations. Hotel operations include hotel accommodation, food, and beverage services. The company generates the vast majority of revenue in Hong Kong and mainland China.

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