Aowei Holding (HKSE:01370) Debt-to-Equity : 1.04 (As of Jun. 2024)

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What is Aowei Holding Debt-to-Equity?

Aowei Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$557.3 Mil. Aowei Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$471.0 Mil. Aowei Holding's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$985.0 Mil. Aowei Holding's debt to equity for the quarter that ended in Jun. 2024 was 1.04.

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 Aowei Holding's Debt-to-Equity or its related term are showing as below:

HKSE:01370' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.29 Max: 1.04
Current: 1.04

During the past 12 years, the highest Debt-to-Equity Ratio of Aowei Holding was 1.04. The lowest was 0.12. And the median was 0.29.

HKSE:01370's Debt-to-Equity is ranked worse than
80.25% of 562 companies
in the Steel industry
Industry Median: 0.43 vs HKSE:01370: 1.04

Aowei Holding Debt-to-Equity Historical Data

The historical data trend for Aowei Holding'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.

Aowei Holding Debt-to-Equity Chart

Aowei Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.43

0.49

0.39

0.34

0.95

Aowei Holding 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															0.29	0.34	0.57	0.95	1.04

Competitive Comparison of Aowei Holding's Debt-to-Equity

For the Steel subindustry, Aowei Holding'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.

Aowei Holding's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aowei Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Aowei Holding's Debt-to-Equity falls into.

Aowei Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aowei Holding'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
	=	(518.12	+	481.263)	/	1056.15
	=	0.95

Aowei Holding'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
	=	(557.339	+	470.988)	/	984.974
	=	1.04

Aowei Holding (HKSE:01370) 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.

Aowei Holding Debt-to-Equity Related Terms

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Aowei Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aowei Holding Ltd (HKSE:01370) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 91 Guangping Avenue, Laiyuan County, Hebei Province, Baoding, CHN, 074300

Website

http://www.aoweiholding.com

Aowei Holding Ltd is engaged in the exploration, mining, processing, and trading of iron ore products and the provision of hospital management service in the People's Republic of China (PRC). The company owns and operates mines that are located in the Hebei Province, through which it produces iron ore and steel in the PRC. Its product offering includes iron ores, and iron ore concentrates that are processed at Gufen Mine, Wang'ergou Mine and Shuanmazhuang Mine and preliminary concentrates and iron ores processed at and recovered from Zhijiazhuang Mine. Its segments include Mining segment and Medical segment. The company generates majority of its from Mining segment.

Executives

Aowei International Developments Limited	2101 Beneficial owner
Hengshi Holdings Limited	2201 Interest of corporation controlled by you
Hengshi International Investments Limited	2101 Beneficial owner
Leung Hongying Li Ziwei	2307 Founder of a discretionary trust who can infl
Li Yanjun	2103 Interests held jointly with another person
Trident Trust Company (hk) Limited	2301 Trustee
Chak Limited	2201 Interest of corporation controlled by you
Credit Suisse Trust Limited	2301 Trustee
Seven Limited	2201 Interest of corporation controlled by you
Fresh Idea Ventures Limited	2106 Person having a security interest in shares
Huarong International Financial Holdings Limited	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Aowei Holding Headlines

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