Kangqiao Service Group (HKSE:02205) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Kangqiao Service Group Debt-to-Equity?

Kangqiao Service Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8 Mil. Kangqiao Service Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2 Mil. Kangqiao Service Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$778 Mil. Kangqiao Service Group's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Kangqiao Service Group's Debt-to-Equity or its related term are showing as below:

HKSE:02205' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.59 Max: 2.47
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Kangqiao Service Group was 2.47. The lowest was 0.01. And the median was 0.59.

HKSE:02205's Debt-to-Equity is ranked better than
99.94% of 1584 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:02205: 0.01

Kangqiao Service Group Debt-to-Equity Historical Data

The historical data trend for Kangqiao Service 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.

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Kangqiao Service Group Debt-to-Equity Chart

Kangqiao Service Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.16

2.47

0.02

0.01

Kangqiao Service Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.02	0.02	0.01	0.01	0.01

Competitive Comparison of Kangqiao Service Group's Debt-to-Equity

For the Real Estate Services subindustry, Kangqiao Service 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.

Kangqiao Service Group's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kangqiao Service Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kangqiao Service Group's Debt-to-Equity falls into.

Kangqiao Service Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kangqiao Service 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
	=	(7.852	+	2.458)	/	778.218
	=	0.01

Kangqiao Service 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
	=	(7.852	+	2.458)	/	778.218
	=	0.01

Kangqiao Service Group (HKSE:02205) 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.

Kangqiao Service Group Debt-to-Equity Related Terms

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Kangqiao Service Group (HKSE:02205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kangqiao Service Group Ltd (HKSE:02205) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daxue Road, 24F, Huacheng International Center, Erqi District, Henan Province, Zhengzhou, CHN

Website

http://www.kqysh.com.cn

Kangqiao Service Group Ltd is a reputable comprehensive property managements service provider. The group is principally engaged in provision of property management services, related value-added services and city services in the PRC. The company has derived all of its revenue from the PRC. The group derives majority of its revenue from Property management services.

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