Great China Holdings (Hong Kong) (HKSE:00021) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Great China Holdings (Hong Kong) Debt-to-Equity?

Great China Holdings (Hong Kong)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$22.41 Mil. Great China Holdings (Hong Kong)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil. Great China Holdings (Hong Kong)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$841.96 Mil. Great China Holdings (Hong Kong)'s debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Great China Holdings (Hong Kong)'s Debt-to-Equity or its related term are showing as below:

HKSE:00021' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.04
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Great China Holdings (Hong Kong) was 0.04. The lowest was 0.00. And the median was 0.00.

HKSE:00021's Debt-to-Equity is ranked better than
94.96% of 1588 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:00021: 0.03

Great China Holdings (Hong Kong) Debt-to-Equity Historical Data

The historical data trend for Great China Holdings (Hong Kong)'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.

Great China Holdings (Hong Kong) Debt-to-Equity Chart

Great China Holdings (Hong Kong) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

Great China Holdings (Hong Kong) 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															-	-	-	0.03	0.03

Competitive Comparison of Great China Holdings (Hong Kong)'s Debt-to-Equity

For the Real Estate Services subindustry, Great China Holdings (Hong Kong)'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.

Great China Holdings (Hong Kong)'s Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Great China Holdings (Hong Kong)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Great China Holdings (Hong Kong)'s Debt-to-Equity falls into.

Great China Holdings (Hong Kong) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Great China Holdings (Hong Kong)'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
	=	(22.405	+	0)	/	841.957
	=	0.03

Great China Holdings (Hong Kong)'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
	=	(22.405	+	0)	/	841.957
	=	0.03

Great China Holdings (Hong Kong) (HKSE:00021) 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.

Great China Holdings (Hong Kong) Debt-to-Equity Related Terms

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Great China Holdings (Hong Kong) (HKSE:00021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Great China Holdings (Hong Kong) Ltd (HKSE:00021) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Central Plaza, 18 Harbour Road, Suite 6403A-4, 64th Floor, Wanchai, Hong Kong, HKG

Website

http://www.greatchinaproperties.com

Great China Holdings (Hong Kong) Ltd formerly Great China Properties Holdings Ltd is engaged in real estate development and management. It projects of the company include the gold coast project, the tanghai county project, the daya bay project, the jin bao cheng project, the hong hai bay project, and the Heqing project. It has a single reportable segment based on the location of the operations, which is a property development and investment located in the PRC. The firm generates its revenue from the sale and management of properties.

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