China Cinda Asset Management Co (China Cinda Asset Management Co) Debt-to-Equity : 4.48 (As of Dec. 2023)

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What is China Cinda Asset Management Co Debt-to-Equity?

China Cinda Asset Management Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. China Cinda Asset Management Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $120,999 Mil. China Cinda Asset Management Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $27,006 Mil. China Cinda Asset Management Co's debt to equity for the quarter that ended in Dec. 2023 was 4.48.

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 China Cinda Asset Management Co's Debt-to-Equity or its related term are showing as below:

CCGDF' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.29 Med: 4.97 Max: 5.46
Current: 4.48

During the past 12 years, the highest Debt-to-Equity Ratio of China Cinda Asset Management Co was 5.46. The lowest was 3.29. And the median was 4.97.

CCGDF's Debt-to-Equity is ranked worse than
98.13% of 1018 companies
in the Asset Management industry
Industry Median: 0.19 vs CCGDF: 4.48

China Cinda Asset Management Co Debt-to-Equity Historical Data

The historical data trend for China Cinda Asset Management 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.

China Cinda Asset Management Co Debt-to-Equity Chart

China Cinda Asset Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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5.11

5.31

5.17

4.83

4.48

China Cinda Asset Management 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															5.17	4.60	4.83	4.56	4.48

Competitive Comparison of China Cinda Asset Management Co's Debt-to-Equity

For the Asset Management subindustry, China Cinda Asset Management 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.

China Cinda Asset Management Co's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China Cinda Asset Management Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Cinda Asset Management Co's Debt-to-Equity falls into.

China Cinda Asset Management Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Cinda Asset Management 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	+	120998.986)	/	27006.106
	=	4.48

China Cinda Asset Management 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	+	120998.986)	/	27006.106
	=	4.48

China Cinda Asset Management Co (OTCPK:CCGDF) 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.

China Cinda Asset Management Co Debt-to-Equity Related Terms

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China Cinda Asset Management Co (China Cinda Asset Management Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Cinda Asset Management Co Ltd (OTCPK:CCGDF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

01359:Hong Kong

Address

9 Naoshikou Street, No.1 Building, Xicheng District, Beijing, CHN, 100031

Website

https://www.cinda.com.cn

China Cinda Asset Management Co Ltd is an asset management firm with operations in mainland China and Hong Kong. Its parent company was founded with approval from the State Council, with the intent of instituting reforms of state-owned banks. Its principal business segments include primarily Distressed asset management and, secondarily, Financial services. The company has a wide presence throughout the Chinese provinces and operates a few Tier 1 entities. Most of its income is derived from the distressed asset management business segment that comprise debt asset management conducted with respect to distressed assets, DES Assets management, other distressed asset management, and entrusted operation businesses.

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