Jianzhong Construction Development (HKSE:00589) Debt-to-Equity : 0.29 (As of Jun. 2023)

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What is Jianzhong Construction Development Debt-to-Equity?

Jianzhong Construction Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$149.3 Mil. Jianzhong Construction Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$73.8 Mil. Jianzhong Construction Development's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$766.6 Mil. Jianzhong Construction Development's debt to equity for the quarter that ended in Jun. 2023 was 0.29.

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 Jianzhong Construction Development's Debt-to-Equity or its related term are showing as below:

HKSE:00589' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.35 Max: 0.45
Current: 0.29

During the past 7 years, the highest Debt-to-Equity Ratio of Jianzhong Construction Development was 0.45. The lowest was 0.11. And the median was 0.35.

HKSE:00589's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.44 vs HKSE:00589: 0.29

Jianzhong Construction Development Debt-to-Equity Historical Data

The historical data trend for Jianzhong Construction Development'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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Jianzhong Construction Development Debt-to-Equity Chart

Jianzhong Construction Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.25

0.15

0.35

0.45

0.41

Jianzhong Construction Development Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial							0.38	0.45	0.40	0.41	0.29

Competitive Comparison of Jianzhong Construction Development's Debt-to-Equity

For the Engineering & Construction subindustry, Jianzhong Construction Development'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.

Jianzhong Construction Development's Debt-to-Equity Distribution in the Construction Industry

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

* The bar in red indicates where Jianzhong Construction Development's Debt-to-Equity falls into.

Jianzhong Construction Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jianzhong Construction Development's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(239.383	+	115.523)	/	862.075
	=	0.41

Jianzhong Construction Development's Debt to Equity Ratio for the quarter 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
	=	(149.266	+	73.815)	/	766.644
	=	0.29

Jianzhong Construction Development (HKSE:00589) 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.

Jianzhong Construction Development Debt-to-Equity Related Terms

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

Jianzhong Construction Development (HKSE:00589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jianzhong Construction Development Ltd (HKSE:00589) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.33 Zhaoqiang Road, 2002, Jinlan Building, Mawei District, Fujian, Fuzhou, CHN

Website

https://www.fjjzkj.com

Jianzhong Construction Development Ltd is a construction services provider based in Fujian Province offering solutions in foundation works. The company foundation works including bored piles, H-piles, Larssen sheet piles, diaphragm walls, and tunnelling works. Its other construction services including formwork and scaffolding works including formwork and falsework design, manufacturing of scaffold and erection services; construction of sewage treatment infrastructure; and other construction work mainly E&M engineering works. Its segments include Construction service; Equipment operation service; Sewage treatment operation; and Others that include sales of construction materials and equipment and others.

Executives

Furi Investment Limited	2101 Beneficial owner
Leng Yan	2202 Interest of your spouse
Xun Liangbao	2201 Interest of corporation controlled by you
Xun Minghong	2201 Interest of corporation controlled by you
Mhx Investment Limited	2101 Beneficial owner
Song Dongling	2202 Interest of your spouse
Cv Construction Capital Limited	2101 Beneficial owner
An Hui Hai Luo Chuang Ye Tou Zi You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Hai Luo Chuang Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Yi Jiang Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Yi Jiang Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you

Jianzhong Construction Development (HKSE:00589) Headlines

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