New Silkroad Culturaltainment (HKSE:00472) Debt-to-Equity : 0.08 (As of Dec. 2023)

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What is New Silkroad Culturaltainment Debt-to-Equity?

New Silkroad Culturaltainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$71.8 Mil. New Silkroad Culturaltainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$36.7 Mil. New Silkroad Culturaltainment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,443.5 Mil. New Silkroad Culturaltainment's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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 New Silkroad Culturaltainment's Debt-to-Equity or its related term are showing as below:

HKSE:00472' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.5 Max: 3.87
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of New Silkroad Culturaltainment was 3.87. The lowest was 0.05. And the median was 0.50.

HKSE:00472's Debt-to-Equity is ranked better than
89.1% of 1587 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:00472: 0.08

New Silkroad Culturaltainment Debt-to-Equity Historical Data

The historical data trend for New Silkroad Culturaltainment'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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New Silkroad Culturaltainment Debt-to-Equity Chart

New Silkroad Culturaltainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.83

1.14

0.12

0.05

0.08

New Silkroad Culturaltainment 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															0.12	0.08	0.05	0.09	0.08

Competitive Comparison of New Silkroad Culturaltainment's Debt-to-Equity

For the Real Estate - Diversified subindustry, New Silkroad Culturaltainment'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.

New Silkroad Culturaltainment's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New Silkroad Culturaltainment's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where New Silkroad Culturaltainment's Debt-to-Equity falls into.

New Silkroad Culturaltainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Silkroad Culturaltainment'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
	=	(71.817	+	36.719)	/	1443.523
	=	0.08

New Silkroad Culturaltainment'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
	=	(71.817	+	36.719)	/	1443.523
	=	0.08

New Silkroad Culturaltainment (HKSE:00472) 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.

New Silkroad Culturaltainment Debt-to-Equity Related Terms

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

New Silkroad Culturaltainment (HKSE:00472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New Silkroad Culturaltainment Ltd (HKSE:00472) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

262 Gloucester Road, 15th Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.newsilkroad472.com

New Silkroad Culturaltainment Ltd is an investment holding company. The company has three reportable segments, namely development and operation of real estate, integrated resort and cultural tourism, production and distribution of wine, and entertainment business. It generates maximum revenue from the real estate, integrated resort, and cultural tourism segments. Geographically, it derives a majority of its revenue from Australia.

New Silkroad Culturaltainment (HKSE:00472) Headlines

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