China Health Group (HKSE:00673) Debt-to-Equity : 0.09 (As of Sep. 2023)

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What is China Health Group Debt-to-Equity?

China Health Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$6.67 Mil. China Health Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.00 Mil. China Health Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$75.29 Mil. China Health Group's debt to equity for the quarter that ended in Sep. 2023 was 0.09.

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 Health Group's Debt-to-Equity or its related term are showing as below:

HKSE:00673' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.41 Med: 0.07 Max: 7.34
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of China Health Group was 7.34. The lowest was -0.41. And the median was 0.07.

HKSE:00673's Debt-to-Equity is ranked better than
71.08% of 83 companies
in the Medical Distribution industry
Industry Median: 0.29 vs HKSE:00673: 0.09

China Health Group Debt-to-Equity Historical Data

The historical data trend for China Health Group'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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China Health Group Debt-to-Equity Chart

China Health Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.03

0.06

0.23

0.07

China Health Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.23	0.76	0.07	0.09

Competitive Comparison of China Health Group's Debt-to-Equity

For the Medical Distribution subindustry, China Health Group'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 Health Group's Debt-to-Equity Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China Health Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Health Group's Debt-to-Equity falls into.

China Health Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Health Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(6.037	+	0)	/	86.332
	=	0.07

China Health Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(6.67	+	0)	/	75.292
	=	0.09

China Health Group (HKSE:00673) 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 Health Group Debt-to-Equity Related Terms

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

China Health Group (HKSE:00673) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » China Health Group Ltd (HKSE:00673) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

141 Des Voeux Road, Unit 801, 8th Floor, China Insurance Group Building, Central, Hong Kong, HKG

Website

http://www.ch-groups.com

China Health Group Ltd is an investment holding company. It is principally engaged in the distribution and service of medical equipment and consumables, provision of hospital operation and management service, and business factoring. It operates in the business in three segments Distribution and service in medical equipment and consumables; Hospital operation and management services and Business factoring service. It derives a majority of revenue from the Distribution and service in the medical equipment and consumables segment. Geographically the group's locations are located in the PRC.

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