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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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.16 0.09 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

DeTai New Energy Group's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.


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

Traded in Other Exchanges
N/A
Address
110–116 Queen’s Road Central, Room 905, 9th Floor, Wings Building, Wan Chai, Hong Kong, HKG
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

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