Core Economy Investment Group (HKSE:00339) Debt-to-Equity : 0.41 (As of Dec. 2023)

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What is Core Economy Investment Group Debt-to-Equity?

Core Economy Investment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil. Core Economy Investment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3.03 Mil. Core Economy Investment Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$7.31 Mil. Core Economy Investment Group's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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 Core Economy Investment Group's Debt-to-Equity or its related term are showing as below:

HKSE:00339' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.13 Max: 0.57
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Core Economy Investment Group was 0.57. The lowest was 0.01. And the median was 0.13.

HKSE:00339's Debt-to-Equity is ranked worse than
67.52% of 1016 companies
in the Asset Management industry
Industry Median: 0.19 vs HKSE:00339: 0.41

Core Economy Investment Group Debt-to-Equity Historical Data

The historical data trend for Core Economy Investment Group'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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Core Economy Investment Group Debt-to-Equity Chart

Core Economy Investment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.01

0.13

0.57

0.41

Core Economy Investment Group 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															0.13	0.27	0.57	0.69	0.41

Competitive Comparison of Core Economy Investment Group's Debt-to-Equity

For the Asset Management subindustry, Core Economy Investment Group'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.

Core Economy Investment Group's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Core Economy Investment Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Core Economy Investment Group's Debt-to-Equity falls into.

Core Economy Investment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Core Economy Investment Group'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
	=	(0	+	3.026)	/	7.31
	=	0.41

Core Economy Investment Group'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
	=	(0	+	3.026)	/	7.31
	=	0.41

Core Economy Investment Group (HKSE:00339) 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.

Core Economy Investment Group Debt-to-Equity Related Terms

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

Core Economy Investment Group (HKSE:00339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Core Economy Investment Group Ltd (HKSE:00339) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Harbour Road, 18 Floor, Harbour Centre, Room 1805, Wanchai, Hong Kong, HKG

Website

https://www.ceig.hk

Core Economy Investment Group Ltd is an investment company. It is engaged in the investment and trading of listed and unlisted equity securities. The investment objective of the company is to achieve earnings in the form of capital appreciation as well as income from interest and dividends mainly through investment in a diversified portfolio of listed and unlisted companies, in Hong Kong or China, or any other countries where such investment is considered profitable. The group's turnover is majorly derived from its investments in listed equity securities. The business activities of the company are carried out in Hong Kong.

Core Economy Investment Group (HKSE:00339) Headlines

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