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China Specialty Glass AG (FRA:8GS) Debt-to-Equity : 0.28 (As of Jun. 2014)


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What is China Specialty Glass AG Debt-to-Equity?

China Specialty Glass AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was €9.1 Mil. China Specialty Glass AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was €34.4 Mil. China Specialty Glass AG's Total Stockholders Equity for the quarter that ended in Jun. 2014 was €153.1 Mil. China Specialty Glass AG's debt to equity for the quarter that ended in Jun. 2014 was 0.28.

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 Specialty Glass AG's Debt-to-Equity or its related term are showing as below:

FRA:8GS's Debt-to-Equity is not ranked *
in the Business Services industry.
Industry Median: 0.38
* Ranked among companies with meaningful Debt-to-Equity only.

China Specialty Glass AG Debt-to-Equity Historical Data

The historical data trend for China Specialty Glass AG'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 Specialty Glass AG Debt-to-Equity Chart

China Specialty Glass AG Annual Data
Trend Dec10 Dec11 Dec12 Dec13
Debt-to-Equity
0.04 0.16 0.37 0.35

China Specialty Glass AG Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.30 0.35 0.36 0.28

Competitive Comparison of China Specialty Glass AG's Debt-to-Equity

For the Security & Protection Services subindustry, China Specialty Glass AG'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 Specialty Glass AG's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Specialty Glass AG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Specialty Glass AG's Debt-to-Equity falls into.



China Specialty Glass AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Specialty Glass AG's Debt to Equity Ratio for the fiscal year that ended in Dec. 2013 is calculated as

China Specialty Glass AG's Debt to Equity Ratio for the quarter that ended in Jun. 2014 is calculated as

* 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.


China Specialty Glass AG  (FRA:8GS) 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 Specialty Glass AG Debt-to-Equity Related Terms

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China Specialty Glass AG (FRA:8GS) Business Description

Traded in Other Exchanges
N/A
Address
An den Romerhuegeln 1, Grunwald, DEU, 82031
China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.

China Specialty Glass AG (FRA:8GS) Headlines

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