DeTai New Energy Group (HKSE:00559) Debt-to-Equity : 0.06 (As of Jun. 2024)

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What is DeTai New Energy Group Debt-to-Equity?

DeTai New Energy Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$24.61 Mil. DeTai New Energy Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.00 Mil. DeTai New Energy Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$434.04 Mil. DeTai New Energy Group's debt to equity for the quarter that ended in Jun. 2024 was 0.06.

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 DeTai New Energy Group's Debt-to-Equity or its related term are showing as below:

HKSE:00559' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.14 Max: 0.35
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of DeTai New Energy Group was 0.35. The lowest was 0.06. And the median was 0.14.

HKSE:00559's Debt-to-Equity is ranked better than
87.52% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.44 vs HKSE:00559: 0.06

DeTai New Energy Group Debt-to-Equity Historical Data

The historical data trend for DeTai New Energy 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.

DeTai New Energy Group Debt-to-Equity Chart

DeTai New Energy Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.17

0.16

0.09

0.06

DeTai New Energy Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.09	0.09	0.07	0.06

Competitive Comparison of DeTai New Energy Group's Debt-to-Equity

For the Lodging subindustry, DeTai New Energy 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.

DeTai New Energy Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DeTai New Energy Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where DeTai New Energy Group's Debt-to-Equity falls into.

DeTai New Energy Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DeTai New Energy Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 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
	=	(24.609	+	0)	/	434.043
	=	0.06

DeTai New Energy Group's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(24.609	+	0)	/	434.043
	=	0.06

DeTai New Energy Group (HKSE:00559) 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.

DeTai New Energy Group Debt-to-Equity Related Terms

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

DeTai New Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DeTai New Energy Group Ltd (HKSE:00559) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

110–116 Queen’s Road Central, Room 905, 9th Floor, Wings Building, Wan Chai, Hong Kong, HKG

Website

http://www.detai-group.com

DeTai New Energy Group Ltd is an investment holding company. The company's operating segment includes the Hotel hospitality business; Money lending services; trading and distribution of liquor and win; and investments in listed securities and funds. It generates maximum revenue from the Hotel hospitality business segment. Geographically, it derives a majority of its revenue from Japan and also has a presence in Hong Kong; and China.

Executives

Tong Liang

2101 Beneficial owner

DeTai New Energy Group Headlines

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