Chinaftower International Holding Group (HKSE:08623) Debt-to-Equity : 1.82 (As of Dec. 2023)

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What is Chinaftower International Holding Group Debt-to-Equity?

Chinaftower International Holding Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$77.5 Mil. Chinaftower International Holding Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$19.4 Mil. Chinaftower International Holding Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$53.2 Mil. Chinaftower International Holding Group's debt to equity for the quarter that ended in Dec. 2023 was 1.82.

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 Chinaftower International Holding Group's Debt-to-Equity or its related term are showing as below:

HKSE:08623' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.67 Med: 1.05 Max: 1.82
Current: 1.82

During the past 7 years, the highest Debt-to-Equity Ratio of Chinaftower International Holding Group was 1.82. The lowest was 0.67. And the median was 1.05.

HKSE:08623's Debt-to-Equity is ranked worse than
95.28% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs HKSE:08623: 1.82

Chinaftower International Holding Group Debt-to-Equity Historical Data

The historical data trend for Chinaftower International Holding 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.

* Premium members only.

Chinaftower International Holding Group Debt-to-Equity Chart

Chinaftower International Holding Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.89

0.67

1.28

1.05

1.82

Chinaftower International Holding Group Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.05	N/A	0.96	N/A	1.82

Competitive Comparison of Chinaftower International Holding Group's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Chinaftower International Holding 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.

Chinaftower International Holding Group's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chinaftower International Holding Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chinaftower International Holding Group's Debt-to-Equity falls into.

Chinaftower International Holding Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chinaftower International Holding 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
	=	(77.531	+	19.387)	/	53.157
	=	1.82

Chinaftower International Holding 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
	=	(77.531	+	19.387)	/	53.157
	=	1.82

Chinaftower International Holding Group (HKSE:08623) 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.

Chinaftower International Holding Group Debt-to-Equity Related Terms

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Chinaftower International Holding Group (HKSE:08623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Saftower International Holding Group Ltd (HKSE:08623) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 9, Huaide Road, Sichuan-Zhejiang Cooperation Industrial Park, Guangyuan Economic and Technological Development Z, Sichuan Province, Guangyuan, CHN

Website

http://www.saftower.com

China Saftower International Holding Group Ltd is a manufacturer and supplier of wires and cables and the sale of aluminum products in the People's Republic of China. The company's products include power cables, insulated overhead cables, aerial stranded wire, control cables, and aluminum alloy power cables. The Group's revenue was all derived from customers based in the PRC.

Executives

Dang Fei	2201 Interest of corporation controlled by you
Dang Jun	2103 Interests held jointly with another person
Li Li	2202 Interest of your spouse
Red Fly Investment Limited	2101 Beneficial owner
Fu Chuanrong	2101 Beneficial owner
Gao Hong	2202 Interest of your spouse
Wang Xiaozhong	2201 Interest of corporation controlled by you
Xseven Investment Limited	2101 Beneficial owner

Chinaftower International Holding Group (HKSE:08623) Headlines

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