China Merchants Land (HKSE:00978) Debt-to-Equity : 4.41 (As of Jun. 2024)

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What is China Merchants Land Debt-to-Equity?

China Merchants Land's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$6,456 Mil. China Merchants Land's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$38,940 Mil. China Merchants Land's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$10,287 Mil. China Merchants Land's debt to equity for the quarter that ended in Jun. 2024 was 4.41.

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

HKSE:00978' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.06 Med: 2.53 Max: 4.41
Current: 4.41

During the past 13 years, the highest Debt-to-Equity Ratio of China Merchants Land was 4.41. The lowest was 2.06. And the median was 2.53.

HKSE:00978's Debt-to-Equity is ranked worse than
96.15% of 1558 companies
in the Real Estate industry
Industry Median: 0.735 vs HKSE:00978: 4.41

China Merchants Land Debt-to-Equity Historical Data

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

China Merchants Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.34

2.10

3.80

3.63

3.74

China Merchants Land 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															4.05	3.63	3.63	3.74	4.41

Competitive Comparison of China Merchants Land's Debt-to-Equity

For the Real Estate - Diversified subindustry, China Merchants Land'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 Merchants Land's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Merchants Land's Debt-to-Equity distribution charts can be found below:

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

China Merchants Land Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Merchants Land'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
	=	(11378.615	+	29188.567)	/	10841.81
	=	3.74

China Merchants Land's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(6455.698	+	38939.796)	/	10287.495
	=	4.41

China Merchants Land (HKSE:00978) 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 Merchants Land Debt-to-Equity Related Terms

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China Merchants Land Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Merchants Land Ltd (HKSE:00978) » Definitions » Debt-to-Equity

Traded in Other Exchanges

TNY1:Germany

Address

Nos. 168-200 Connaught Road Central, Room 2603 to 2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.cmland.hk

China Merchants Land Ltd is an investment holding company that along with its subsidiaries operates in two segments; The Properties segment, which generates a majority of the company's sales, is engaged in the development and sales of properties, and property leasing, and the Asset Management segment which represents its investment in office premises and shopping malls.

Executives

China Merchants Group Co., Ltd.	2201 Interest of corporation controlled by you
China Merchants Shekou Industrial Zone Holdings Company Limited	2201 Interest of corporation controlled by you

China Merchants Land Headlines

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