Guangdong Join-Share Financing Guarantee Investment Co (HKSE:01543) Debt-to-Equity : 0.39 (As of Dec. 2023)

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What is Guangdong Join-Share Financing Guarantee Investment Co Debt-to-Equity?

Guangdong Join-Share Financing Guarantee Investment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil. Guangdong Join-Share Financing Guarantee Investment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$869.3 Mil. Guangdong Join-Share Financing Guarantee Investment Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,205.5 Mil. Guangdong Join-Share Financing Guarantee Investment Co's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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 Guangdong Join-Share Financing Guarantee Investment Co's Debt-to-Equity or its related term are showing as below:

HKSE:01543' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.08 Max: 0.39
Current: 0.39

During the past 10 years, the highest Debt-to-Equity Ratio of Guangdong Join-Share Financing Guarantee Investment Co was 0.39. The lowest was 0.03. And the median was 0.08.

HKSE:01543's Debt-to-Equity is ranked better than
70.9% of 433 companies
in the Credit Services industry
Industry Median: 1.18 vs HKSE:01543: 0.39

Guangdong Join-Share Financing Guarantee Investment Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Join-Share Financing Guarantee Investment 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.

Guangdong Join-Share Financing Guarantee Investment Co Debt-to-Equity Chart

Guangdong Join-Share Financing Guarantee Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.07

0.17

0.34

0.39

Guangdong Join-Share Financing Guarantee Investment Co Semi-Annual Data
	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	0.20	0.34	0.30	0.39

Competitive Comparison of Guangdong Join-Share Financing Guarantee Investment Co's Debt-to-Equity

For the Credit Services subindustry, Guangdong Join-Share Financing Guarantee Investment 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.

Guangdong Join-Share Financing Guarantee Investment Co's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Guangdong Join-Share Financing Guarantee Investment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong Join-Share Financing Guarantee Investment Co's Debt-to-Equity falls into.

Guangdong Join-Share Financing Guarantee Investment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Join-Share Financing Guarantee Investment 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
	=	(0	+	869.332)	/	2205.525
	=	0.39

Guangdong Join-Share Financing Guarantee Investment 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
	=	(0	+	869.332)	/	2205.525
	=	0.39

Guangdong Join-Share Financing Guarantee Investment Co (HKSE:01543) 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.

Guangdong Join-Share Financing Guarantee Investment Co Debt-to-Equity Related Terms

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Guangdong Join-Share Financing Guarantee Investment Co (HKSE:01543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Guangdong Join-Share Financing Guarantee Investment Co Ltd (HKSE:01543) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.31 Fuhua Road, Block 1, Room 4101-4110, Lecong Town, Join-Share International Financing Center, Shunde District Guangdong Province, Foshan, CHN, 528000

Website

http://www.join-share.com

Guangdong Join-Share Financing Guarantee Investment Co Ltd is a financing services provider, focusing on providing credit-based financing solutions to small and medium enterprises (SMEs) to satisfy their financing and business needs. It provides guarantees on behalf of, and entrusted loans to, SMEs and individual business proprietors. It also provides micro-lending to SMEs, individual business proprietors and individuals in Foshan. The business is distinguished into Guarantees Business and SME Lending segments. The guarantee Business segment is further divided into Financial and Non-Financial Guarantees. The Guarantee segment generates maximum revenue for the company. Geographically, the firm operates in the People's Republic of China.

Guangdong Join-Share Financing Guarantee Investment Co (HKSE:01543) Headlines

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