Kinetic Development Group (HKSE:01277) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is Kinetic Development Group Debt-to-Equity?

Kinetic Development Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,132 Mil. Kinetic Development Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$303 Mil. Kinetic Development Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$8,059 Mil. Kinetic Development Group's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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

HKSE:01277' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.22 Max: 1.37
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Kinetic Development Group was 1.37. The lowest was 0.06. And the median was 0.22.

HKSE:01277's Debt-to-Equity is ranked better than
55.91% of 127 companies
in the Other Energy Sources industry
Industry Median: 0.21 vs HKSE:01277: 0.18

Kinetic Development Group Debt-to-Equity Historical Data

The historical data trend for Kinetic Development 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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Kinetic Development Group Debt-to-Equity Chart

Kinetic Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.08

0.06

0.16

0.18

Kinetic Development Group 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															0.06	0.24	0.16	0.23	0.18

Competitive Comparison of Kinetic Development Group's Debt-to-Equity

For the Thermal Coal subindustry, Kinetic Development 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.

Kinetic Development Group's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Kinetic Development Group's Debt-to-Equity distribution charts can be found below:

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

Kinetic Development Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kinetic Development Group'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
	=	(1131.95	+	302.746)	/	8058.799
	=	0.18

Kinetic Development Group'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
	=	(1131.95	+	302.746)	/	8058.799
	=	0.18

Kinetic Development Group (HKSE:01277) 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.

Kinetic Development Group Debt-to-Equity Related Terms

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Kinetic Development Group (HKSE:01277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Kinetic Development Group Ltd (HKSE:01277) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Dafanpu Coal Mine, Majiata Village, Xuejiawan Town Zhunge’er Banner, Ordos City Inner Mongolia, Ordos City, CHN

Website

https://www.kineticme.com

Kinetic Development Group Ltd is engaged in the extraction and sales of coal products. It also operates in other activities which include coal production and washing, coal loading and transportation, and coal trading. Its customer base includes large-scale state-owned enterprises, trading firms, and terminal power plants. The company focuses on the development and operation of the Dafanpu Coal Mine situated in Erdos City, the Xiaojia loading station, and its associated rail spur lines. The reportable segments of the company are the coal mining segment and other segment (mainly including planting and properties operations).

Kinetic Development Group (HKSE:01277) Headlines

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