Hainan Meilan International Airport Co (Hainan Meilan International Airport Co) Debt-to-Equity : 0.86 (As of Dec. 2023)

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What is Hainan Meilan International Airport Co Debt-to-Equity?

Hainan Meilan International Airport Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $439.4 Mil. Hainan Meilan International Airport Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $76.4 Mil. Hainan Meilan International Airport Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $598.5 Mil. Hainan Meilan International Airport Co's debt to equity for the quarter that ended in Dec. 2023 was 0.86.

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 Hainan Meilan International Airport Co's Debt-to-Equity or its related term are showing as below:

HMCTF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.63 Max: 0.98
Current: 0.86

During the past 13 years, the highest Debt-to-Equity Ratio of Hainan Meilan International Airport Co was 0.98. The lowest was 0.46. And the median was 0.63.

HMCTF's Debt-to-Equity is ranked worse than
63.49% of 882 companies
in the Transportation industry
Industry Median: 0.57 vs HMCTF: 0.86

Hainan Meilan International Airport Co Debt-to-Equity Historical Data

The historical data trend for Hainan Meilan International Airport 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.

Hainan Meilan International Airport Co Debt-to-Equity Chart

Hainan Meilan International Airport Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.57

0.65

0.46

0.48

0.86

Hainan Meilan International Airport Co 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															0.46	0.45	0.48	0.88	0.86

Competitive Comparison of Hainan Meilan International Airport Co's Debt-to-Equity

For the Airports & Air Services subindustry, Hainan Meilan International Airport 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.

Hainan Meilan International Airport Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hainan Meilan International Airport Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hainan Meilan International Airport Co's Debt-to-Equity falls into.

Hainan Meilan International Airport Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hainan Meilan International Airport 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
	=	(439.35	+	76.393)	/	598.503
	=	0.86

Hainan Meilan International Airport 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
	=	(439.35	+	76.393)	/	598.503
	=	0.86

Hainan Meilan International Airport Co (OTCPK:HMCTF) 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.

Hainan Meilan International Airport Co Debt-to-Equity Related Terms

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Hainan Meilan International Airport Co (Hainan Meilan International Airport Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hainan Meilan International Airport Co Ltd (OTCPK:HMCTF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

00357:Hong Kong HAO:Germany HAO:Germany

Address

Office Building of Meilan Airport, Hainan Province, Haikou, CHN, 571126

Website

http://www.mlairport.com

Hainan Meilan International Airport Co Ltd is engaged in the operation of an airport and an ancillary hotel and the provision of related services in the PRC. The company engages and generates revenues from the operational activities at the Meilan Airport of the Hainan Province in the People's Republic of China (PRC). Under its aeronautical businesses, the firm provides terminal facilities, ground handling services, and passenger services. The non-aeronautical business includes the leasing of commercial and retail spaces at Meilan Airport, franchising of airport-related business, advertising, car parking, cargo handling, and sales of consumable goods.

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