Litian Pictures Holdings (HKSE:09958) Debt-to-Equity : 1.15 (As of Jun. 2023)

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Litian Pictures Holdings Debt-to-Equity Definition

Litian Pictures Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$227.6 Mil. Litian Pictures Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$1.6 Mil. Litian Pictures Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$198.9 Mil. Litian Pictures Holdings's debt to equity for the quarter that ended in Jun. 2023 was 1.15.

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 Litian Pictures Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:09958' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.34 Max: 1.16
Current: 5.02

During the past 7 years, the highest Debt-to-Equity Ratio of Litian Pictures Holdings was 1.16. The lowest was 0.15. And the median was 0.34.

HKSE:09958's Debt-to-Equity is ranked worse than
96.21% of 845 companies
in the Media - Diversified industry
Industry Median: 0.28 vs HKSE:09958: 5.02

Litian Pictures Holdings Debt-to-Equity Historical Data

The historical data trend for Litian Pictures Holdings'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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Litian Pictures Holdings Debt-to-Equity Chart

Litian Pictures Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.15

0.28

1.16

5.02

Litian Pictures Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.28	0.41	1.16	1.15	5.02

Competitive Comparison of Litian Pictures Holdings's Debt-to-Equity

For the Entertainment subindustry, Litian Pictures Holdings'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.

Litian Pictures Holdings's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Litian Pictures Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Litian Pictures Holdings's Debt-to-Equity falls into.

Litian Pictures Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Litian Pictures Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(239.582	+	2.982)	/	208.692
	=	1.16

Litian Pictures Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(227.564	+	1.61)	/	198.879
	=	1.15

Litian Pictures Holdings (HKSE:09958) 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.

Litian Pictures Holdings Debt-to-Equity Related Terms

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Litian Pictures Holdings (HKSE:09958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Litian Pictures Holdings Ltd (HKSE:09958) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5A, Tongniu Dianying Industrial Park, Chaoyang District, Beijing, CHN

Website

https://www.litian.tv

Litian Pictures Holdings Ltd is a a drama series distribution company in the People's Republic of China. It is engaged in the business of licensing the broadcasting rights of self-produced and outright-purchased drama series. In addition, it is engaged in other businesses, which include selling drama series scripts; acting as a distribution agent of the broadcasting rights of TV series; and investing in drama series in which it acts as a non-executive producer. It operates in three segments namely, Self-produced drama series; Outright-purchased drama series; and Others. It derives all its revenue from production, distribution and licensing of broadcasting rights of drama series in China.

Litian Pictures Holdings (HKSE:09958) Headlines

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