Mingfa Group (International) Co (HKSE:00846) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is Mingfa Group (International) Co Debt-to-Equity?

Mingfa Group (International) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$503 Mil. Mingfa Group (International) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,257 Mil. Mingfa Group (International) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$19,162 Mil. Mingfa Group (International) Co's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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 Mingfa Group (International) Co's Debt-to-Equity or its related term are showing as below:

HKSE:00846' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.63 Max: 1.32
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Mingfa Group (International) Co was 1.32. The lowest was 0.14. And the median was 0.63.

HKSE:00846's Debt-to-Equity is ranked better than
83.52% of 1584 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:00846: 0.14

Mingfa Group (International) Co Debt-to-Equity Historical Data

The historical data trend for Mingfa Group (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.

Mingfa Group (International) Co Debt-to-Equity Chart

Mingfa Group (International) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.48

0.30

0.19

0.15

0.14

Mingfa Group (International) Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.19	0.15	0.13	0.14

Competitive Comparison of Mingfa Group (International) Co's Debt-to-Equity

For the Real Estate - Development subindustry, Mingfa Group (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.

Mingfa Group (International) Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mingfa Group (International) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mingfa Group (International) Co's Debt-to-Equity falls into.

Mingfa Group (International) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mingfa Group (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
	=	(502.881	+	2256.596)	/	19161.904
	=	0.14

Mingfa Group (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
	=	(502.881	+	2256.596)	/	19161.904
	=	0.14

Mingfa Group (International) Co (HKSE:00846) 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.

Mingfa Group (International) Co Debt-to-Equity Related Terms

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Mingfa Group (International) Co (HKSE:00846) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mingfa Group (International) Co Ltd (HKSE:00846) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 88 Pudong North Road, Jiangsu Mingfa Business Park, Pukou, Jiangsu Province, Nanjing, CHN

Website

https://www.ming-fa.com

Mingfa Group (International) Co Ltd is an investment holding company. The company's operating segment includes property development, hotel, property investment and management, and others. Property Development segment is engaged in real estate development and is further subdivided into commercial and residential. The Hotel segment is engaged in a hotel operation. Its Property investment and management segment invests in properties for their rental income potential and/or for capital appreciation, and provides management and security services to residential, hotel and commercial properties. The company generates maximum revenue from the property development segment. Geographically, it derives revenue from PRC.

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