Chinney Alliance Group (HKSE:00385) Debt-to-Equity : 0.37 (As of Dec. 2023)

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What is Chinney Alliance Group Debt-to-Equity?

Chinney Alliance Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$722 Mil. Chinney Alliance Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$52 Mil. Chinney Alliance Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,106 Mil. Chinney Alliance Group's debt to equity for the quarter that ended in Dec. 2023 was 0.37.

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

HKSE:00385' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.2 Max: 0.37
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Chinney Alliance Group was 0.37. The lowest was 0.09. And the median was 0.20.

HKSE:00385's Debt-to-Equity is ranked better than
54.9% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:00385: 0.37

Chinney Alliance Group Debt-to-Equity Historical Data

The historical data trend for Chinney Alliance 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.

Chinney Alliance Group Debt-to-Equity Chart

Chinney Alliance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.23

0.26

0.37

Chinney Alliance 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															0.26	0.28	0.26	0.32	0.37

Competitive Comparison of Chinney Alliance Group's Debt-to-Equity

For the Engineering & Construction subindustry, Chinney Alliance 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.

Chinney Alliance Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chinney Alliance Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chinney Alliance Group's Debt-to-Equity falls into.

Chinney Alliance Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chinney Alliance 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
	=	(721.921	+	51.705)	/	2105.83
	=	0.37

Chinney Alliance 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
	=	(721.921	+	51.705)	/	2105.83
	=	0.37

Chinney Alliance Group (HKSE:00385) 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.

Chinney Alliance Group Debt-to-Equity Related Terms

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Chinney Alliance Group (HKSE:00385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chinney Alliance Group Ltd (HKSE:00385) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Connaught Road Central, 23rd Floor, Wing On Centre, Hong Kong, HKG

Website

https://chinneyalliancegroup.etnet.com.hk

Chinney Alliance Group Ltd is an investment holding company. The company's operating segment includes Plastic and chemical products; Building related contracting services; Building construction; Foundation piling and ground investigation; the aviation segment and others. It generates maximum revenue from the Building related contracting services segment. The Building related contracting services segment consists of the provision of contracting services for both public and private sectors, including engineering contracting services in the air-conditioning industry and the provision of maintenance services. Geographically, it derives a majority of revenue from Hong Kong.

Executives

Wong Sai Wing, James

2201 Interest of corporation controlled by you

Chinney Alliance Group (HKSE:00385) Headlines

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