Fortune Sun (China) Holdings (HKSE:00352) Debt-to-Equity : 0.93 (As of Dec. 2023)

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What is Fortune Sun (China) Holdings Debt-to-Equity?

Fortune Sun (China) Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.50 Mil. Fortune Sun (China) Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10.94 Mil. Fortune Sun (China) Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$12.29 Mil. Fortune Sun (China) Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.93.

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 Fortune Sun (China) Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00352' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.16 Max: 0.93
Current: 0.93

During the past 13 years, the highest Debt-to-Equity Ratio of Fortune Sun (China) Holdings was 0.93. The lowest was 0.02. And the median was 0.16.

HKSE:00352's Debt-to-Equity is ranked worse than
57.43% of 1588 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:00352: 0.93

Fortune Sun (China) Holdings Debt-to-Equity Historical Data

The historical data trend for Fortune Sun (China) Holdings'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.

Fortune Sun (China) Holdings Debt-to-Equity Chart

Fortune Sun (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.14

0.15

0.53

0.93

Fortune Sun (China) Holdings 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															0.15	0.07	0.53	0.65	0.93

Competitive Comparison of Fortune Sun (China) Holdings's Debt-to-Equity

For the Real Estate Services subindustry, Fortune Sun (China) Holdings'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.

Fortune Sun (China) Holdings's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fortune Sun (China) Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fortune Sun (China) Holdings's Debt-to-Equity falls into.

Fortune Sun (China) Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fortune Sun (China) Holdings'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
	=	(0.502	+	10.935)	/	12.291
	=	0.93

Fortune Sun (China) Holdings'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
	=	(0.502	+	10.935)	/	12.291
	=	0.93

Fortune Sun (China) Holdings (HKSE:00352) 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.

Fortune Sun (China) Holdings Debt-to-Equity Related Terms

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Fortune Sun (China) Holdings (HKSE:00352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fortune Sun (China) Holdings Ltd (HKSE:00352) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1500 Century Avenue, Unit 901, 9th Floor, Orient Building, Pudong New District, Shanghai, CHN, 200122

Website

http://www.fortune-sun.com

Fortune Sun (China) Holdings Ltd operates as an investment holding company. The firm operates a single business segment which is the provision of property consultancy and sales agency services for the primary property market in China. It specializes in diversified business models, such as real estate leasing, management, administration, sales, development, joint-building, buyout, and underwriting. Its geographical segments are China and Cambodia, of which nearly all of its revenues come from China.

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