China Jicheng Holdings (HKSE:01027) Debt-to-Equity : 0.23 (As of Jun. 2023)

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What is China Jicheng Holdings Debt-to-Equity?

China Jicheng Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$81.1 Mil. China Jicheng Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$0.0 Mil. China Jicheng Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$355.9 Mil. China Jicheng Holdings's debt to equity for the quarter that ended in Jun. 2023 was 0.23.

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

HKSE:01027' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.37 Max: 0.8
Current: 0.31

During the past 11 years, the highest Debt-to-Equity Ratio of China Jicheng Holdings was 0.80. The lowest was 0.10. And the median was 0.37.

HKSE:01027's Debt-to-Equity is ranked better than
59.7% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:01027: 0.31

China Jicheng Holdings Debt-to-Equity Historical Data

The historical data trend for China Jicheng 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.

China Jicheng Holdings Debt-to-Equity Chart

China Jicheng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.45

0.18

0.25

0.21

0.31

China Jicheng Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.34	0.21	0.23	0.31

Competitive Comparison of China Jicheng Holdings's Debt-to-Equity

For the Footwear & Accessories subindustry, China Jicheng 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.

China Jicheng Holdings's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Jicheng Holdings's Debt-to-Equity distribution charts can be found below:

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

China Jicheng Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Jicheng Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(76.048	+	0)	/	370.539
	=	0.21

China Jicheng Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(81.148	+	0)	/	355.893
	=	0.23

China Jicheng Holdings (HKSE:01027) 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 Jicheng Holdings Debt-to-Equity Related Terms

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

China Jicheng Holdings (HKSE:01027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Jicheng Holdings Ltd (HKSE:01027) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yonghe Industrial Section, Yonghe Town, Fujian Province, Jinjiang, CHN

Website

http://www.china-jicheng.cn

China Jicheng Holdings Ltd is an umbrella and parts manufacturing company. It manufactures and sells POE umbrellas, nylon umbrellas and umbrella parts such as plastic cloth and shaft. It exports its POE umbrellas, nylon umbrellas and umbrella parts to markets such as Japan, Hong Kong, South Korea, Taiwan, France, and Cambodia. The company generates the majority of revenues from Cambodia.

China Jicheng Holdings (HKSE:01027) Headlines

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