China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is China Resources Beer (Holdings) Co Debt-to-Equity?

China Resources Beer (Holdings) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $142 Mil. China Resources Beer (Holdings) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $598 Mil. China Resources Beer (Holdings) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,243 Mil. China Resources Beer (Holdings) Co's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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 Resources Beer (Holdings) Co's Debt-to-Equity or its related term are showing as below:

CRHKY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.59
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of China Resources Beer (Holdings) Co was 0.59. The lowest was 0.01. And the median was 0.11.

CRHKY's Debt-to-Equity is ranked better than
60.44% of 182 companies
in the Beverages - Alcoholic industry
Industry Median: 0.385 vs CRHKY: 0.17

China Resources Beer (Holdings) Co Debt-to-Equity Historical Data

The historical data trend for China Resources Beer (Holdings) 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 Resources Beer (Holdings) Co Debt-to-Equity Chart

China Resources Beer (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.01

0.05

0.17

China Resources Beer (Holdings) 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															0.01	0.04	0.05	0.29	0.17

Competitive Comparison of China Resources Beer (Holdings) Co's Debt-to-Equity

For the Beverages - Brewers subindustry, China Resources Beer (Holdings) 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 Resources Beer (Holdings) Co's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Resources Beer (Holdings) Co's Debt-to-Equity falls into.

China Resources Beer (Holdings) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Resources Beer (Holdings) 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
	=	(142.153	+	598.022)	/	4242.878
	=	0.17

China Resources Beer (Holdings) 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
	=	(142.153	+	598.022)	/	4242.878
	=	0.17

China Resources Beer (Holdings) Co (OTCPK:CRHKY) 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 Resources Beer (Holdings) Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of China Resources Beer (Holdings) Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Resources Beer (Holdings) Co Ltd (OTCPK:CRHKY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

00291:Hong Kong CHK:Germany

Address

No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crbeer.com.hk

China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.

China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Headlines

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