Tiangong International Co (HKSE:00826) Debt-to-Equity : 0.41 (As of Dec. 2023)

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What is Tiangong International Co Debt-to-Equity?

Tiangong International Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,417 Mil. Tiangong International Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$750 Mil. Tiangong International Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$7,727 Mil. Tiangong International Co's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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 Tiangong International Co's Debt-to-Equity or its related term are showing as below:

HKSE:00826' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.66 Max: 0.79
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Tiangong International Co was 0.79. The lowest was 0.40. And the median was 0.66.

HKSE:00826's Debt-to-Equity is ranked better than
50.99% of 557 companies
in the Steel industry
Industry Median: 0.42 vs HKSE:00826: 0.41

Tiangong International Co Debt-to-Equity Historical Data

The historical data trend for Tiangong International 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.

Tiangong International Co Debt-to-Equity Chart

Tiangong International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.65

0.62

0.40

0.42

0.41

Tiangong International 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															0.40	0.42	0.42	0.50	0.41

Competitive Comparison of Tiangong International Co's Debt-to-Equity

For the Steel subindustry, Tiangong International 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.

Tiangong International Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tiangong International Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tiangong International Co's Debt-to-Equity falls into.

Tiangong International Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tiangong International 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
	=	(2416.62	+	749.893)	/	7727.061
	=	0.41

Tiangong International 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
	=	(2416.62	+	749.893)	/	7727.061
	=	0.41

Tiangong International Co (HKSE:00826) 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.

Tiangong International Co Debt-to-Equity Related Terms

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

Tiangong International Co (HKSE:00826) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tiangong International Co Ltd (HKSE:00826) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

34T1:Germany

Address

Houxiang Town, Jiangsu Province, Danyang City, CHN, 212312

Website

http://www.tggj.cn

Tiangong International Co Ltd is engaged in the manufacturing and sales of high alloy steel, cutting tools, titanium alloy, trading of goods and others. The reportable segments of the company are, 1) The DS segment manufactures and sells materials that are used in the die set manufacturing industry. 2) The HSS segment manufactures and sells materials that are used in the tools manufacturing industry. 3) The cutting tools segment manufactures and sells HSS and carbide cutting tools to the tooling industry. 4) The titanium alloy segment manufactures and sells titanium alloys to the titanium industry. 5) The trading of goods segment sells general carbon steel products that are not within the Group's production scope. 6) Others segment assembles and sells power tools kits.

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