CCT Fortis Holdings (HKSE:00138) Debt-to-Equity : 2.13 (As of Dec. 2023)

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What is CCT Fortis Holdings Debt-to-Equity?

CCT Fortis Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$683.0 Mil. CCT Fortis Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$876.0 Mil. CCT Fortis Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$731.0 Mil. CCT Fortis Holdings's debt to equity for the quarter that ended in Dec. 2023 was 2.13.

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

HKSE:00138' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.66 Max: 2.13
Current: 2.13

During the past 13 years, the highest Debt-to-Equity Ratio of CCT Fortis Holdings was 2.13. The lowest was 0.34. And the median was 0.66.

HKSE:00138's Debt-to-Equity is ranked worse than
88.77% of 472 companies
in the Conglomerates industry
Industry Median: 0.56 vs HKSE:00138: 2.13

CCT Fortis Holdings Debt-to-Equity Historical Data

The historical data trend for CCT Fortis 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.

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CCT Fortis Holdings Debt-to-Equity Chart

CCT Fortis Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.70

0.92

1.25

1.49

2.13

CCT Fortis 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															1.25	1.23	1.49	1.33	2.13

Competitive Comparison of CCT Fortis Holdings's Debt-to-Equity

For the Conglomerates subindustry, CCT Fortis 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.

CCT Fortis Holdings's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CCT Fortis Holdings's Debt-to-Equity distribution charts can be found below:

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

CCT Fortis Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CCT Fortis 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
	=	(683	+	876)	/	731
	=	2.13

CCT Fortis 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
	=	(683	+	876)	/	731
	=	2.13

CCT Fortis Holdings (HKSE:00138) 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.

CCT Fortis Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CCT Fortis Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

CCT Fortis Holdings (HKSE:00138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » CCT Fortis Holdings Ltd (HKSE:00138) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Wo Shing Street, 18th Floor, CCT Telecom Building, Fotan, New Territories, Shatin, HKG

Website

https://www.cct-fortis.com

CCT Fortis Holdings Ltd is engaged in various activities including development, trading, investment, holding of properties; trading in securities and holding of securities and treasury products; trading and sale of classic cars and car logistics; trading and sale of Ferrari vehicles and provision of after-sales services for Ferrari automotive; acquisition of classic cars for long-term investment purpose; production, investment and distribution of films world wide; sale and leasing of audio and lighting equipment and provision of technical and engineering services and metal construction work for stage performance events; running of car service center, artist management, magazine publication, and investment in collectible precision devices.

Executives

Capital Winner Investments Limited	2101 Beneficial owner
New Capital Industrial Limited	2101 Beneficial owner
Capital Force International Limited	2101 Beneficial owner
Treasure Goal International Limited	2101 Beneficial owner
Mak Shiu Tong	2201 Interest of corporation controlled by you
Mak Chun Kiu	2201 Interest of corporation controlled by you

CCT Fortis Holdings (HKSE:00138) Headlines

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