Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Debt-to-Equity : 0.13 (As of Dec. 2023)

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What is Chu Kong Shipping Enterprises (Group) Co Debt-to-Equity?

Chu Kong Shipping Enterprises (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$236 Mil. Chu Kong Shipping Enterprises (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$169 Mil. Chu Kong Shipping Enterprises (Group) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,187 Mil. Chu Kong Shipping Enterprises (Group) Co's debt to equity for the quarter that ended in Dec. 2023 was 0.13.

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 Chu Kong Shipping Enterprises (Group) Co's Debt-to-Equity or its related term are showing as below:

HKSE:00560' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.12 Max: 0.19
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Chu Kong Shipping Enterprises (Group) Co was 0.19. The lowest was 0.08. And the median was 0.12.

HKSE:00560's Debt-to-Equity is ranked better than
85.02% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs HKSE:00560: 0.13

Chu Kong Shipping Enterprises (Group) Co Debt-to-Equity Historical Data

The historical data trend for Chu Kong Shipping Enterprises (Group) Co'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.

Chu Kong Shipping Enterprises (Group) Co Debt-to-Equity Chart

Chu Kong Shipping Enterprises (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.08

0.17

0.15

0.13

Chu Kong Shipping Enterprises (Group) Co 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															0.17	0.16	0.15	0.15	0.13

Competitive Comparison of Chu Kong Shipping Enterprises (Group) Co's Debt-to-Equity

For the Marine Shipping subindustry, Chu Kong Shipping Enterprises (Group) Co'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.

Chu Kong Shipping Enterprises (Group) Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chu Kong Shipping Enterprises (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chu Kong Shipping Enterprises (Group) Co's Debt-to-Equity falls into.

Chu Kong Shipping Enterprises (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chu Kong Shipping Enterprises (Group) Co'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
	=	(235.862	+	168.612)	/	3186.906
	=	0.13

Chu Kong Shipping Enterprises (Group) Co'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
	=	(235.862	+	168.612)	/	3186.906
	=	0.13

Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) 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.

Chu Kong Shipping Enterprises (Group) Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Chu Kong Shipping Enterprises (Group) Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chu Kong Shipping Enterprises (Group) Co Ltd (HKSE:00560) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

143 Connaught Road, 24th Floor, Chu Kong Shipping Tower, Central, Hong Kong, HKG

Website

https://www.cksd.com

Chu Kong Shipping Enterprises (Group) Co Ltd is an investment holding company, focusing mainly on terminal navigation logistics, high-speed waterway passenger transportation, and fuel supply business. The operating segments of the group are Cargo transportation; Cargo handling and storage; Passenger transportation; Fuel supply; and Corporate and other businesses. It derives key revenue from the Cargo transportation segment which consists of shipping agency, river trade cargo direct shipment and transhipment and container handling and trucking. The group's revenue is derived from operations carried out in Mainland China and Hong Kong.

Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Headlines

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