Greater China Financial Holdings (HKSE:00431) Debt-to-Equity : -0.78 (As of Dec. 2023)

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What is Greater China Financial Holdings Debt-to-Equity?

Greater China Financial Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$124.68 Mil. Greater China Financial Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$369.88 Mil. Greater China Financial Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-634.62 Mil. Greater China Financial Holdings's debt to equity for the quarter that ended in Dec. 2023 was -0.78.

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

HKSE:00431' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.89 Med: 0.26 Max: 2.93
Current: -0.78

During the past 13 years, the highest Debt-to-Equity Ratio of Greater China Financial Holdings was 2.93. The lowest was -2.89. And the median was 0.26.

HKSE:00431's Debt-to-Equity is not ranked
in the Credit Services industry.
Industry Median: 1.18 vs HKSE:00431: -0.78

Greater China Financial Holdings Debt-to-Equity Historical Data

The historical data trend for Greater China Financial 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.

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Greater China Financial Holdings Debt-to-Equity Chart

Greater China Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.87

2.93

-2.89

-0.78

Greater China Financial 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															2.93	6.44	-2.89	-2.09	-0.78

Competitive Comparison of Greater China Financial Holdings's Debt-to-Equity

For the Credit Services subindustry, Greater China Financial 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.

Greater China Financial Holdings's Debt-to-Equity Distribution in the Credit Services Industry

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

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

Greater China Financial Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greater China Financial 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
	=	(124.681	+	369.877)	/	-634.624
	=	-0.78

Greater China Financial 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
	=	(124.681	+	369.877)	/	-634.624
	=	-0.78

Greater China Financial Holdings (HKSE:00431) 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.

Greater China Financial Holdings Debt-to-Equity Related Terms

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Greater China Financial Holdings (HKSE:00431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Greater China Financial Holdings Ltd (HKSE:00431) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Matheson Street, Suites 3612-16, 36th Floor, Tower Two, Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.greaterchina.com.hk

Greater China Financial Holdings Ltd, through its subsidiaries, is engaged in investment holding, industrial property development, general trading of consumable goods, securities brokerage, insurance brokerage, asset management and loan financing operation including loan financing, financial guarantee services, loan referral and consultancy services. It generates maximum revenue from the loan financing operation segment. It operates in Hong Kong and the PRC. Geographically, it derives a majority of revenue from China.

Greater China Financial Holdings (HKSE:00431) Headlines

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