Chowngng Holdings International (HKSE:00116) Debt-to-Equity : 0.46 (As of Dec. 2023)

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What is Chowngng Holdings International Debt-to-Equity?

Chowngng Holdings International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$4,654 Mil. Chowngng Holdings International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$971 Mil. Chowngng Holdings International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$12,204 Mil. Chowngng Holdings International's debt to equity for the quarter that ended in Dec. 2023 was 0.46.

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 Chowngng Holdings International's Debt-to-Equity or its related term are showing as below:

HKSE:00116' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.26 Max: 0.47
Current: 0.46

During the past 13 years, the highest Debt-to-Equity Ratio of Chowngng Holdings International was 0.47. The lowest was 0.19. And the median was 0.26.

HKSE:00116's Debt-to-Equity is ranked better than
57.94% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs HKSE:00116: 0.46

Chowngng Holdings International Debt-to-Equity Historical Data

The historical data trend for Chowngng Holdings International'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.

Chowngng Holdings International Debt-to-Equity Chart

Chowngng Holdings International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.38

0.26

0.32

0.47

0.46

Chowngng Holdings International 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															0.32	0.34	0.47	0.46	0.46

Competitive Comparison of Chowngng Holdings International's Debt-to-Equity

For the Luxury Goods subindustry, Chowngng Holdings International'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.

Chowngng Holdings International's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Chowngng Holdings International's Debt-to-Equity falls into.

Chowngng Holdings International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chowngng Holdings International'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
	=	(4653.836	+	970.952)	/	12204.072
	=	0.46

Chowngng Holdings International'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
	=	(4653.836	+	970.952)	/	12204.072
	=	0.46

Chowngng Holdings International (HKSE:00116) 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.

Chowngng Holdings International Debt-to-Equity Related Terms

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Chowngng Holdings International (HKSE:00116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chow Sang Sang Holdings International Ltd (HKSE:00116) » Definitions » Debt-to-Equity

Traded in Other Exchanges

CJW1:Germany

Address

229 Nathan Road, 4th Floor, Chow Sang Sang Building, Kowloon, Hong Kong, HKG

Website

https://www.chowsangsang.com

Chow Sang Sang Holdings International Ltd is an investment holding company. The company's businesses include the manufacture and retail of jewelry, the distribution of watches, the wholesale of precious metals, and e-commerce platform operation. The manufacture and retail of the Jewellery segment produce jewelry products for the group's retail business and operate retail stores mainly in Hong Kong, Macau, Mainland China, and Taiwan. The group derives the majority of its revenue from the Retail of jewelry and watches segment.

Chowngng Holdings International (HKSE:00116) Headlines

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