GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China High Speed Transmission Equipment Group Co Ltd (HKSE:00658) » Definitions » Debt-to-Equity

China High Speed Transmission Equipment Group Co (HKSE:00658) Debt-to-Equity : 1.19 (As of Jun. 2024)


View and export this data going back to 2007. Start your Free Trial

What is China High Speed Transmission Equipment Group Co Debt-to-Equity?

China High Speed Transmission Equipment Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$7,335 Mil. China High Speed Transmission Equipment Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$4,932 Mil. China High Speed Transmission Equipment Group Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$10,348 Mil. China High Speed Transmission Equipment Group Co's debt to equity for the quarter that ended in Jun. 2024 was 1.19.

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 High Speed Transmission Equipment Group Co's Debt-to-Equity or its related term are showing as below:

HKSE:00658' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2   Med: 0.7   Max: 1.3
Current: 1.19

During the past 13 years, the highest Debt-to-Equity Ratio of China High Speed Transmission Equipment Group Co was 1.30. The lowest was 0.20. And the median was 0.70.

HKSE:00658's Debt-to-Equity is ranked worse than
90.33% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs HKSE:00658: 1.19

China High Speed Transmission Equipment Group Co Debt-to-Equity Historical Data

The historical data trend for China High Speed Transmission Equipment Group Co'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 High Speed Transmission Equipment Group Co Debt-to-Equity Chart

China High Speed Transmission Equipment Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.20 0.30 0.75 0.92

China High Speed Transmission Equipment Group Co 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 0.58 0.75 0.91 0.92 1.19

Competitive Comparison of China High Speed Transmission Equipment Group Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, China High Speed Transmission Equipment Group Co'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 High Speed Transmission Equipment Group Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China High Speed Transmission Equipment Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China High Speed Transmission Equipment Group Co's Debt-to-Equity falls into.



China High Speed Transmission Equipment Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China High Speed Transmission Equipment Group Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

China High Speed Transmission Equipment Group Co'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.


China High Speed Transmission Equipment Group Co  (HKSE:00658) 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 High Speed Transmission Equipment Group Co Debt-to-Equity Related Terms

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


China High Speed Transmission Equipment Group Co Business Description

Traded in Other Exchanges
Address
No. 30, Houjiao Road, Jiangning District, Nanjing, CHN
China High Speed Transmission Equipment Group Co Ltd is engaged in researching, developing, designing, manufacturing, and distributing a wide range of mechanical transmission equipment that is used in wind power and a wide range of industrial appliances as well as trading of goods. Its product portfolio includes Wind Energy Gearboxes; Rail Vehicle Gearboxes; Industrial Gearboxes; New Energy Vehicle Gearboxes, GearSight System, and Robot Reducers. The company's segment includes Wind and industrial gear transmission equipment which generates key revenue; Rail transportation gear transmission equipment segment; Trading business, and others. Geographically, the company generates a majority of its revenue from the People's Republic of China and the rest from Europe, USA, and other countries.
Executives
Five Seasons Xvi Limited 2101 Beneficial owner
Fullshare Holdings Limited 2201 Interest of corporation controlled by you
Ji Changqun 2201 Interest of corporation controlled by you

China High Speed Transmission Equipment Group Co Headlines

No Headlines