China Star Entertainment (HKSE:00326) Debt-to-Equity : 0.68 (As of Dec. 2023)

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What is China Star Entertainment Debt-to-Equity?

China Star Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$361.0 Mil. China Star Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,442.2 Mil. China Star Entertainment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,661.1 Mil. China Star Entertainment's debt to equity for the quarter that ended in Dec. 2023 was 0.68.

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 Star Entertainment's Debt-to-Equity or its related term are showing as below:

HKSE:00326' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.28 Max: 0.68
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of China Star Entertainment was 0.68. The lowest was 0.05. And the median was 0.28.

HKSE:00326's Debt-to-Equity is ranked worse than
69.38% of 836 companies
in the Media - Diversified industry
Industry Median: 0.28 vs HKSE:00326: 0.68

China Star Entertainment Debt-to-Equity Historical Data

The historical data trend for China Star Entertainment'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 Star Entertainment Debt-to-Equity Chart

China Star Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.28

0.38

0.51

0.57

0.68

China Star Entertainment 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															0.51	0.56	0.57	0.59	0.68

Competitive Comparison of China Star Entertainment's Debt-to-Equity

For the Entertainment subindustry, China Star Entertainment'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 Star Entertainment's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Star Entertainment's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Star Entertainment's Debt-to-Equity falls into.

China Star Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Star Entertainment'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
	=	(361.02	+	1442.237)	/	2661.142
	=	0.68

China Star Entertainment'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
	=	(361.02	+	1442.237)	/	2661.142
	=	0.68

China Star Entertainment (HKSE:00326) 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 Star Entertainment Debt-to-Equity Related Terms

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

China Star Entertainment (HKSE:00326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China Star Entertainment Ltd (HKSE:00326) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 3409 Shun Tak Centre, West Tower, Hong Kong, HKG

Website

https://www.chinastar.com.hk

China Star Entertainment Ltd is an investment holding company. It operates in two segments namely Film related business operations engaged in investment, production, distribution and licensing of films and television drama series and provision of other film related services including artist management services; Property development and investment operations engaged in investment and development of properties. Majority of the revenue is derived from Film related business operations segment.

Executives

Chen Ming Yin, Tiffany
Heung Wah Keung
Heung Wah Keung Family Endowment Limited
Heung Wah Keung Family Endowment Limited

China Star Entertainment (HKSE:00326) Headlines

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