Zuoli Kechuang Micro-finance Co (HKSE:06866) Debt-to-Equity : 0.31 (As of Dec. 2023)

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What is Zuoli Kechuang Micro-finance Co Debt-to-Equity?

Zuoli Kechuang Micro-finance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil. Zuoli Kechuang Micro-finance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$652.4 Mil. Zuoli Kechuang Micro-finance Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,127.0 Mil. Zuoli Kechuang Micro-finance Co's debt to equity for the quarter that ended in Dec. 2023 was 0.31.

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 Zuoli Kechuang Micro-finance Co's Debt-to-Equity or its related term are showing as below:

HKSE:06866' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.35 Max: 0.44
Current: 0.31

During the past 11 years, the highest Debt-to-Equity Ratio of Zuoli Kechuang Micro-finance Co was 0.44. The lowest was 0.07. And the median was 0.35.

HKSE:06866's Debt-to-Equity is ranked better than
74.88% of 430 companies
in the Credit Services industry
Industry Median: 1.15 vs HKSE:06866: 0.31

Zuoli Kechuang Micro-finance Co Debt-to-Equity Historical Data

The historical data trend for Zuoli Kechuang Micro-finance 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.

Zuoli Kechuang Micro-finance Co Debt-to-Equity Chart

Zuoli Kechuang Micro-finance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.38

0.35

0.40

0.31

Zuoli Kechuang Micro-finance Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.40	0.34	0.33	0.31	N/A

Competitive Comparison of Zuoli Kechuang Micro-finance Co's Debt-to-Equity

For the Credit Services subindustry, Zuoli Kechuang Micro-finance 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.

Zuoli Kechuang Micro-finance Co's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Zuoli Kechuang Micro-finance Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zuoli Kechuang Micro-finance Co's Debt-to-Equity falls into.

Zuoli Kechuang Micro-finance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zuoli Kechuang Micro-finance 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	+	652.392)	/	2126.99
	=	0.31

Zuoli Kechuang Micro-finance 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	+	652.392)	/	2126.99
	=	0.31

Zuoli Kechuang Micro-finance Co (HKSE:06866) 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.

Zuoli Kechuang Micro-finance Co Debt-to-Equity Related Terms

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Zuoli Kechuang Micro-finance Co (HKSE:06866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Zuoli Kechuang Micro-finance Co Ltd (HKSE:06866) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 399 Deqing Avenue, Wukang Road, Deqing County, Zhejiang Province, Huzhou, CHN, 313200

Website

https://www.zlkcxd.cn

Zuoli Kechuang Micro-finance Co Ltd is engaged in providing unsecured loans, guaranteed loans, collateralized loans, pledged loans, agriculture loans, individual business loans, other individual loans and loans for agricultural businesses, customers engaged in rural development activities, and/or customers residing in rural areas, SMEs and microenterprises in various industries, as well as online retailers in the businesses of lifestyle products, agricultural products, cultural supplies, and industrial products. The company generates revenue in the form of interest.

Executives

Gawsun (hk) International Trading Co., Limited

2101 Beneficial owner

Zuoli Kechuang Micro-finance Co (HKSE:06866) Headlines

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