China Zenith Chemical Group (HKSE:00362) Debt-to-Equity : -1.20 (As of Dec. 2023)

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What is China Zenith Chemical Group Debt-to-Equity?

China Zenith Chemical Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$593.56 Mil. China Zenith Chemical Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$625.57 Mil. China Zenith Chemical Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-1,017.16 Mil. China Zenith Chemical Group's debt to equity for the quarter that ended in Dec. 2023 was -1.20.

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 Zenith Chemical Group's Debt-to-Equity or its related term are showing as below:

HKSE:00362' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.98 Med: 0.4 Max: 42.71
Current: -1.2

During the past 13 years, the highest Debt-to-Equity Ratio of China Zenith Chemical Group was 42.71. The lowest was -1.98. And the median was 0.40.

HKSE:00362's Debt-to-Equity is not ranked
in the Utilities - Regulated industry.
Industry Median: 0.875 vs HKSE:00362: -1.20

China Zenith Chemical Group Debt-to-Equity Historical Data

The historical data trend for China Zenith Chemical 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.

* Premium members only.

China Zenith Chemical Group Debt-to-Equity Chart

China Zenith Chemical Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

1.43

3.73

42.71

-1.44

-1.23

China Zenith Chemical 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															16.20	-1.44	-1.98	-1.23	-1.20

Competitive Comparison of China Zenith Chemical Group's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, China Zenith Chemical 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.

China Zenith Chemical Group's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Zenith Chemical Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Zenith Chemical Group's Debt-to-Equity falls into.

China Zenith Chemical Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Zenith Chemical Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(400.516	+	773.866)	/	-955.357
	=	-1.23

China Zenith Chemical 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
	=	(593.555	+	625.569)	/	-1017.161
	=	-1.20

China Zenith Chemical Group (HKSE:00362) 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 Zenith Chemical Group Debt-to-Equity Related Terms

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

China Zenith Chemical Group (HKSE:00362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Zenith Chemical Group Ltd (HKSE:00362) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 4007, 40th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chinazenith.com.hk

China Zenith Chemical Group Ltd is an investment holding company which is engaged in the generation and supply of heat and power. The company's operating segments are Heat and power, Chemical products for agriculture, Calcium carbide, and Construction services. It generates maximum revenue from the Calcium carbide segment. The Calcium carbide segment is engaged in manufacture and sale of calcium carbide and lime powder. Geographically, it derives revenue from the People's Republic of China.

Executives

Cheung Hung	2101 Beneficial owner
Zhong Kuang Lian He Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Chiau Che Kong	2101 Beneficial owner
Tang Yiduan	2101 Beneficial owner
Chin Chun Hin	2101 Beneficial owner
Chan Yuen Tung	2101 Beneficial owner
Cheng Ka Kui Arnold	2101 Beneficial owner
Cha Jung Hoon	2101 Beneficial owner
Sze Ching Lau

China Zenith Chemical Group (HKSE:00362) Headlines

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