Xingda International Holdings (HKSE:01899) Debt-to-Equity : 1.09 (As of Dec. 2023)

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What is Xingda International Holdings Debt-to-Equity?

Xingda International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$6,695 Mil. Xingda International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$558 Mil. Xingda International Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$6,677 Mil. Xingda International Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.09.

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

HKSE:01899' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.32 Max: 1.18
Current: 1.09

During the past 13 years, the highest Debt-to-Equity Ratio of Xingda International Holdings was 1.18. The lowest was 0.10. And the median was 0.32.

HKSE:01899's Debt-to-Equity is ranked worse than
76.79% of 1172 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs HKSE:01899: 1.09

Xingda International Holdings Debt-to-Equity Historical Data

The historical data trend for Xingda International Holdings'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.

Xingda International Holdings Debt-to-Equity Chart

Xingda International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.39

0.64

0.97

1.18

1.09

Xingda International Holdings 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															0.97	1.07	1.18	1.18	1.09

Competitive Comparison of Xingda International Holdings's Debt-to-Equity

For the Auto Parts subindustry, Xingda International Holdings'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.

Xingda International Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Xingda International Holdings's Debt-to-Equity distribution charts can be found below:

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

Xingda International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xingda International Holdings'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
	=	(6694.556	+	558.105)	/	6677.436
	=	1.09

Xingda International Holdings'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
	=	(6694.556	+	558.105)	/	6677.436
	=	1.09

Xingda International Holdings (HKSE:01899) 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.

Xingda International Holdings Debt-to-Equity Related Terms

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Xingda International Holdings (HKSE:01899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xingda International Holdings Ltd (HKSE:01899) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

XDH:Germany

Address

Yunling Road (East), Lane 599, 6th Floor, No. 20, Putuo District, Shanghai, CHN, 200062

Website

http://www.xingda.com.cn

Xingda International Holdings Ltd is an investment holding company engaged in manufacturing and trading Radial tire cords, Bead wires, and other wires. Its products cover Rubber reinforcement materials and Precision sawing wires, such as Steel cord, Tyre bead wires, and High-pressure hose wire. The company derives key revenue from the sale of Radial tire cords for trucks. The majority of its revenue is earned in the PRC.

Xingda International Holdings (HKSE:01899) Headlines

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