China New Town Development Co (HKSE:01278) Debt-to-Equity : 0.55 (As of Dec. 2023)

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What is China New Town Development Co Debt-to-Equity?

China New Town Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$327.4 Mil. China New Town Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,208.7 Mil. China New Town Development Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$4,582.4 Mil. China New Town Development Co's debt to equity for the quarter that ended in Dec. 2023 was 0.55.

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 New Town Development Co's Debt-to-Equity or its related term are showing as below:

HKSE:01278' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.5 Max: 0.65
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of China New Town Development Co was 0.65. The lowest was 0.25. And the median was 0.50.

HKSE:01278's Debt-to-Equity is ranked better than
59.38% of 1583 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:01278: 0.55

China New Town Development Co Debt-to-Equity Historical Data

The historical data trend for China New Town Development 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.

China New Town Development Co Debt-to-Equity Chart

China New Town Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.65

0.47

0.28

0.55

China New Town Development Co 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															0.28	0.28	0.28	0.64	0.55

Competitive Comparison of China New Town Development Co's Debt-to-Equity

For the Real Estate - Development subindustry, China New Town Development 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.

China New Town Development Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China New Town Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China New Town Development Co's Debt-to-Equity falls into.

China New Town Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China New Town Development Co'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
	=	(327.363	+	2208.727)	/	4582.381
	=	0.55

China New Town Development Co'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
	=	(327.363	+	2208.727)	/	4582.381
	=	0.55

China New Town Development Co (HKSE:01278) 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 New Town Development Co Debt-to-Equity Related Terms

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

China New Town Development Co (HKSE:01278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China New Town Development Co Ltd (HKSE:01278) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1 Austin Road West, 8203B-04A International Commerce Centre, Kowloon, Hong Kong, HKG

Website

https://www.china-newtown.com

China New Town Development Co Ltd is engaged in the real estate business. The company is a new town developer in Mainland China and has been engaged in the investment and operation of new types of urbanization and primary land development. The operating segments of the company are the Land development segment which provides land infrastructure development, and construction of ancillary public facilities; the Urbanization development segment which is responsible for investments in new town projects; Property leasing segment which provides property leasing services of investment property; and Others segment which includes the provision of other services. It derives major revenue from the Urbanization development segment.

Executives

Xitong International Holdings (hk) Limited	2101 Beneficial owner
China Development Bank International Holdings Limited	2101 Beneficial owner
Guo Kai Jin Rong You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guo Jia Kai Fa Yin Xing Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Wu Xi Shi Jiao Tong Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiasheng (holding) Investment Limited	2201 Interest of corporation controlled by you
Jiashun (holding) Investment Limited	2201 Interest of corporation controlled by you
Jiaxin Investment (shanghai) Co., Ltd.	2201 Interest of corporation controlled by you
Zhong Guo Min Sheng Tou Zi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Min Jia Ye Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Sre Investment Holding Limited	2101 Beneficial owner
Jia Yun Investment Limited	2106 Person having a security interest in shares
Shi Jian	2201 Interest of corporation controlled by you
Jia Bo Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

China New Town Development Co (HKSE:01278) Headlines

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