China Glass Holdings (HKSE:03300) Debt-to-Equity : 6.26 (As of Dec. 2023)

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What is China Glass Holdings Debt-to-Equity?

China Glass Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$6,918 Mil. China Glass Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,483 Mil. China Glass Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,661 Mil. China Glass Holdings's debt to equity for the quarter that ended in Dec. 2023 was 6.26.

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

HKSE:03300' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.51 Max: 6.26
Current: 6.26

During the past 13 years, the highest Debt-to-Equity Ratio of China Glass Holdings was 6.26. The lowest was 0.80. And the median was 1.51.

HKSE:03300's Debt-to-Equity is ranked worse than
98.58% of 353 companies
in the Building Materials industry
Industry Median: 0.39 vs HKSE:03300: 6.26

China Glass Holdings Debt-to-Equity Historical Data

The historical data trend for China Glass 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.

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China Glass Holdings Debt-to-Equity Chart

China Glass Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.60

1.74

1.86

3.10

6.26

China Glass 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															1.86	2.27	3.10	4.46	6.26

Competitive Comparison of China Glass Holdings's Debt-to-Equity

For the Building Materials subindustry, China Glass 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.

China Glass Holdings's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Glass Holdings's Debt-to-Equity distribution charts can be found below:

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

China Glass Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Glass 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
	=	(6917.992	+	3482.857)	/	1660.713
	=	6.26

China Glass 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
	=	(6917.992	+	3482.857)	/	1660.713
	=	6.26

China Glass Holdings (HKSE:03300) 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.

China Glass Holdings Debt-to-Equity Related Terms

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

China Glass Holdings (HKSE:03300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Glass Holdings Ltd (HKSE:03300) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road, Unit 2608, 26th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

https://www.chinaglassholdings.com

China Glass Holdings Ltd is engaged in the production, marketing, and distribution of float glass, reflective glass, and other glass products. It has five business segments, Clear glass products; Painted glass products; Coated glass products; Energy saving and new energy glass products, such as ultra clear glass, low emission coated glass and photovoltaic battery module products; and Designing and installation services of pharmaceutical glass production lines. Geographically, the company has operations in Mainland China, Hong Kong, the Middle East, Nigeria, Italy, Kazakhstan and other countries. It generates a majority of its revenues from the Clear glass products segment.

China Glass Holdings (HKSE:03300) Headlines

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