Zhong Jia Guo Xin Holdings Co (HKSE:00899) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Zhong Jia Guo Xin Holdings Co Debt-to-Equity?

Zhong Jia Guo Xin Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$2.32 Mil. Zhong Jia Guo Xin Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$9.08 Mil. Zhong Jia Guo Xin Holdings Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was HK$1,343.79 Mil. Zhong Jia Guo Xin Holdings Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Zhong Jia Guo Xin Holdings Co's Debt-to-Equity or its related term are showing as below:

HKSE:00899' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.21
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Zhong Jia Guo Xin Holdings Co was 0.21. The lowest was 0.00. And the median was 0.05.

HKSE:00899's Debt-to-Equity is ranked better than
99.94% of 1587 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:00899: 0.01

Zhong Jia Guo Xin Holdings Co Debt-to-Equity Historical Data

The historical data trend for Zhong Jia Guo Xin Holdings 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.

Zhong Jia Guo Xin Holdings Co Debt-to-Equity Chart

Zhong Jia Guo Xin Holdings Co Annual Data

Trend

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Mar24

Debt-to-Equity

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0.01

Zhong Jia Guo Xin Holdings Co Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	0.01	0.01

Competitive Comparison of Zhong Jia Guo Xin Holdings Co's Debt-to-Equity

For the Real Estate - Diversified subindustry, Zhong Jia Guo Xin Holdings 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.

Zhong Jia Guo Xin Holdings Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhong Jia Guo Xin Holdings Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhong Jia Guo Xin Holdings Co's Debt-to-Equity falls into.

Zhong Jia Guo Xin Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhong Jia Guo Xin Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.32	+	9.076)	/	1343.79
	=	0.01

Zhong Jia Guo Xin Holdings Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(2.32	+	9.076)	/	1343.79
	=	0.01

Zhong Jia Guo Xin Holdings Co (HKSE:00899) 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.

Zhong Jia Guo Xin Holdings Co Debt-to-Equity Related Terms

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Zhong Jia Guo Xin Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhong Jia Guo Xin Holdings Co Ltd (HKSE:00899) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Connaught Road Central, Room 2601, 26th Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG, 168-200

Website

http://www.zhongjiagx.com

Zhong Jia Guo Xin Holdings Co Ltd is an investment holding company. The company's segments include mining business, water business, property development, and property investments. It operates in two principal geographical areas the PRC and Hong Kong.

Executives

Lam Pik Lam	2201 Interest of corporation controlled by you
Green Deer Holdings Limited	2101 Beneficial owner
Liang Shulian	2101 Beneficial owner
Full Tenda Development Limited	2101 Beneficial owner
Yao Jigen	2201 Interest of corporation controlled by you
Li Yuguo	2101 Beneficial owner

Zhong Jia Guo Xin Holdings Co Headlines

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