Anxian Yuan China Holdings (HKSE:00922) Debt-to-Equity : 0.03 (As of Sep. 2023)

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What is Anxian Yuan China Holdings Debt-to-Equity?

Anxian Yuan China Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$24.0 Mil. Anxian Yuan China Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.3 Mil. Anxian Yuan China Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$919.0 Mil. Anxian Yuan China Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.03.

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 Anxian Yuan China Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00922' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.24 Max: 0.7
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Anxian Yuan China Holdings was 0.70. The lowest was 0.03. And the median was 0.24.

HKSE:00922's Debt-to-Equity is ranked better than
89.77% of 88 companies
in the Personal Services industry
Industry Median: 0.73 vs HKSE:00922: 0.03

Anxian Yuan China Holdings Debt-to-Equity Historical Data

The historical data trend for Anxian Yuan China Holdings'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.

Anxian Yuan China Holdings Debt-to-Equity Chart

Anxian Yuan China Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.35

0.26

0.15

0.05

Anxian Yuan China Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.13	0.05	0.04	0.05	0.03

Competitive Comparison of Anxian Yuan China Holdings's Debt-to-Equity

For the Personal Services subindustry, Anxian Yuan China Holdings'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.

Anxian Yuan China Holdings's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Anxian Yuan China Holdings's Debt-to-Equity distribution charts can be found below:

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

Anxian Yuan China Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Anxian Yuan China Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(27.261	+	18.006)	/	970.326
	=	0.05

Anxian Yuan China Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(24.037	+	0.287)	/	919.003
	=	0.03

Anxian Yuan China Holdings (HKSE:00922) 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.

Anxian Yuan China Holdings Debt-to-Equity Related Terms

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Anxian Yuan China Holdings (HKSE:00922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Anxian Yuan China Holdings Ltd (HKSE:00922) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Leighton Road, Room 1215, Leighton Centre, Causeway Bay, Hong Kong, HKG, 999077

Website

http://www.anxianyuanchina.com

Anxian Yuan China Holdings Ltd is an investment holding company. The company is principally engaged in cemetery businesses. Geographically, the company derives maximum revenue from China. The company generates revenue from sales of tombs and niches; Management fee income and Burial services.

Executives

Excel Precise International Limited	2106 Person having a security interest in shares
Master Point Overseas Limited	2101 Beneficial owner
True Promise Investments Limited	2201 Interest of corporation controlled by you
Law Fei Shing	2201 Interest of corporation controlled by you
Shi Hua	2201 Interest of corporation controlled by you
Yan Zulin	2101 Beneficial owner
Huang Weichun	2101 Beneficial owner

Anxian Yuan China Holdings (HKSE:00922) Headlines

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