Dongguan Rural Commercial Bank Co (HKSE:09889) Debt-to-Equity : 1.32 (As of Dec. 2023)

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What is Dongguan Rural Commercial Bank Co Debt-to-Equity?

Dongguan Rural Commercial Bank Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. Dongguan Rural Commercial Bank Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$79,131 Mil. Dongguan Rural Commercial Bank Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$59,774 Mil. Dongguan Rural Commercial Bank Co's debt to equity for the quarter that ended in Dec. 2023 was 1.32.

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 Dongguan Rural Commercial Bank Co's Debt-to-Equity or its related term are showing as below:

HKSE:09889' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.26 Med: 1.42 Max: 1.9
Current: 1.32

During the past 6 years, the highest Debt-to-Equity Ratio of Dongguan Rural Commercial Bank Co was 1.90. The lowest was 1.26. And the median was 1.42.

HKSE:09889's Debt-to-Equity is ranked worse than
73.2% of 1392 companies
in the Banks industry
Industry Median: 0.65 vs HKSE:09889: 1.32

Dongguan Rural Commercial Bank Co Debt-to-Equity Historical Data

The historical data trend for Dongguan Rural Commercial Bank 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.

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Dongguan Rural Commercial Bank Co Debt-to-Equity Chart

Dongguan Rural Commercial Bank Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.74

1.40

1.44

1.26

1.32

Dongguan Rural Commercial Bank Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					1.44	1.17	1.26	1.55	1.32

Competitive Comparison of Dongguan Rural Commercial Bank Co's Debt-to-Equity

For the Banks - Regional subindustry, Dongguan Rural Commercial Bank 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.

Dongguan Rural Commercial Bank Co's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Dongguan Rural Commercial Bank Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dongguan Rural Commercial Bank Co's Debt-to-Equity falls into.

Dongguan Rural Commercial Bank Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dongguan Rural Commercial Bank 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	+	79131.162)	/	59774.346
	=	1.32

Dongguan Rural Commercial Bank 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	+	79131.162)	/	59774.346
	=	1.32

Dongguan Rural Commercial Bank Co (HKSE:09889) 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.

Dongguan Rural Commercial Bank Co Debt-to-Equity Related Terms

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Dongguan Rural Commercial Bank Co (HKSE:09889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dongguan Rural Commercial Bank Co Ltd (HKSE:09889) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.2, Hongfu East Road, Dongcheng District, Guangdong Province, Dongguan, CHN, 523123

Website

https://www.drcbank.com

Dongguan Rural Commercial Bank Co Ltd is engaged in providing financial services in China. It operates in four segments: Corporate banking, which covers financial products and services to corporate customers, governments, and financial institutions; Personal banking business segment covers financial products and services to individual customers; Treasury segment covers the Group's money market transactions, repurchase transactions, debt instrument investments, wealth management products, and precious metals; and Others.

Executives

Scoperto Limited	2101 Beneficial owner
Lee Kar Lung	2201 Interest of corporation controlled by you
Lion Fund Management Co.,ltd.	2102 Investment manager
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Nong Yin Guo Ji Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Nong Yin Guo Ji Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Nong Ye Yin Xing Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Jun Xi You Xian Gong Si	2106 Person having a security interest in shares
Yam Tak Cheung	2201 Interest of corporation controlled by you
Fook Man Development Company Limited	2101 Beneficial owner
Dong Guan Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Guo Tai Ji Jin Guan Li You Xian Gong Si
Cai Tong Ji Jin Guan Li You Xian Gong Si	2501 Other
Cai Tong Zheng Quan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Dong Guan Shi Jiao Tong Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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