China Tower (HKSE:00788) Debt-to-Equity : 0.48 (As of Dec. 2023)

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What is China Tower Debt-to-Equity?

China Tower's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$33,524 Mil. China Tower's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$69,976 Mil. China Tower's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$216,234 Mil. China Tower's debt to equity for the quarter that ended in Dec. 2023 was 0.48.

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 Tower's Debt-to-Equity or its related term are showing as below:

HKSE:00788' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.54 Max: 1.09
Current: 0.48

During the past 9 years, the highest Debt-to-Equity Ratio of China Tower was 1.09. The lowest was 0.19. And the median was 0.54.

HKSE:00788's Debt-to-Equity is ranked better than
58.19% of 342 companies
in the Telecommunication Services industry
Industry Median: 0.64 vs HKSE:00788: 0.48

China Tower Debt-to-Equity Historical Data

The historical data trend for China Tower'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 Tower Debt-to-Equity Chart

China Tower Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.66

0.61

0.54

0.41

0.48

China Tower Quarterly Data
	Dec16	Mar17	Jun17	Dec17	Mar18	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.41	0.48	-	0.48	N/A

Competitive Comparison of China Tower's Debt-to-Equity

For the Telecom Services subindustry, China Tower'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 Tower's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Tower's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Tower's Debt-to-Equity falls into.

China Tower Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Tower'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
	=	(33524.323	+	69975.598)	/	216233.523
	=	0.48

China Tower'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
	=	(33524.323	+	69975.598)	/	216233.523
	=	0.48

China Tower (HKSE:00788) 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 Tower Debt-to-Equity Related Terms

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

China Tower (HKSE:00788) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Tower Corp Ltd (HKSE:00788) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CTOWY:USA CHWRF:USA 2Y1:Germany

Address

Yard No. 9, Dongran North Street, China Tower Industrial Park, Haidian District, Room 101, LG1 to 3rd Floor, Building 14, North District, Beijing, CHN

Website

https://www.china-tower.com

China Tower Corp Ltd is a telecommunications tower infrastructure service provider. The business of the company includes tower business; DAS business; Smart Tower business and Energy business. It generates maximum revenue from the tower business. The Tower business includes macro cell and small cell business. Its DAS business provides a DAS system to the Three TSPs for connecting their telecommunication equipment, helping them receive and send indoor mobile telecommunication network signals to enable mobile telecommunication network signals covering buildings, large venues and tunnels.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Gic Private Limited	2102 Investment manager

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