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

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

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

China Specialty Glass AG FRA:8GS Debt-to-Equity is 0.28 as of Jun. 2014.

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: 0.33
* Ranked among companies with meaningful Debt-to-Equity only.

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

China Specialty Glass AG Debt-to-Equity Historical Data

* Premium members only.

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.

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

FRA:8GS vs DTII, VCON, UUU: Debt-to-Equity Comparison

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 Debt-to-Equity vs 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

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(7.677 + 41.69) / 139.388
=0.35

China Specialty Glass AG's Debt to Equity Ratio for the quarter that ended in Jun. 2014 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
=(9.13 + 34.392) / 153.13
=0.28

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.28 mean?
China Specialty Glass AG (FRA:8GS) has a Debt-to-Equity of 0.28 as of Jun. 2014. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on China Specialty Glass AG and its competitors.
Is China Specialty Glass AG's Debt-to-Equity too high?
China Specialty Glass AG's current Debt-to-Equity is 0.28. The Business Services industry median Debt-to-Equity is 0.33. China Specialty Glass AG's value of 0.28 is 15.2% below this industry median.
How does China Specialty Glass AG's Debt-to-Equity compare to DTII and VCON?
China Specialty Glass AG's Debt-to-Equity of 0.28 can be compared against companies in the Business Services industry. The industry median Debt-to-Equity is 0.33. China Specialty Glass AG's value of 0.28 is 15.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Business Services company?
The median Debt-to-Equity among Business Services companies is 0.33, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Specialty Glass AG's current Debt-to-Equity of 0.28 is 15.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on China Specialty Glass AG and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Specialty Glass AG's current Debt-to-Equity is 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Specialty Glass AG stock overvalued right now?
China Specialty Glass AG (FRA:8GS) has a current Debt-to-Equity of 0.28. The current Debt-to-Equity is 0.28 and 15.2% below the Business Services industry median of 0.33. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For China Specialty Glass AG (FRA:8GS), the current Debt-to-Equity is 0.28 as of Jun. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Specialty Glass AG Business Description

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.