Celestial Asia Securities Holdings (Celestial Asia Securities Holdings) Debt-to-Equity : 4.00 (As of Dec. 2023)

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What is Celestial Asia Securities Holdings Debt-to-Equity?

Celestial Asia Securities Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $51.8 Mil. Celestial Asia Securities Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.7 Mil. Celestial Asia Securities Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $14.8 Mil. Celestial Asia Securities Holdings's debt to equity for the quarter that ended in Dec. 2023 was 4.00.

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 Celestial Asia Securities Holdings's Debt-to-Equity or its related term are showing as below:

CAHLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 1.34 Max: 4
Current: 4

During the past 13 years, the highest Debt-to-Equity Ratio of Celestial Asia Securities Holdings was 4.00. The lowest was 0.38. And the median was 1.34.

CAHLF's Debt-to-Equity is ranked worse than
94.22% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.61 vs CAHLF: 4.00

Celestial Asia Securities Holdings Debt-to-Equity Historical Data

The historical data trend for Celestial Asia Securities 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.

* Premium members only.

Celestial Asia Securities Holdings Debt-to-Equity Chart

Celestial Asia Securities Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.09

1.51

1.84

2.99

4.00

Celestial Asia Securities Holdings 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															1.84	1.89	2.99	2.81	4.00

Competitive Comparison of Celestial Asia Securities Holdings's Debt-to-Equity

For the Department Stores subindustry, Celestial Asia Securities 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.

Celestial Asia Securities Holdings's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Celestial Asia Securities Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Celestial Asia Securities Holdings's Debt-to-Equity falls into.

Celestial Asia Securities Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Celestial Asia Securities Holdings'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
	=	(51.781	+	7.652)	/	14.849
	=	4.00

Celestial Asia Securities Holdings'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
	=	(51.781	+	7.652)	/	14.849
	=	4.00

Celestial Asia Securities Holdings (OTCPK:CAHLF) 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.

Celestial Asia Securities Holdings Debt-to-Equity Related Terms

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Celestial Asia Securities Holdings (Celestial Asia Securities Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Celestial Asia Securities Holdings Ltd (OTCPK:CAHLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

01049:Hong Kong

Address

23 Wang Tai Road, 28th Floor, Manhattan Place, Kowloon Bay, Hong Kong, HKG

Website

https://www.cash.com.hk

Celestial Asia Securities Holdings Ltd is an investment holding company. The reportable segments of the company are as follows: 1) Retailing segment includes sales of furniture and household goods and electrical appliances; 2) Asset Management segment includes the provision of asset management services to the fund investors; 3) Financial Services segment includes the provision of broking, investment banking and wealth management services under the business operations of CFSG. The company's operations are located in Hong Kong and the People's Republic of China.

Celestial Asia Securities Holdings (Celestial Asia Securities Holdings) Headlines

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