Zhongtai Futures Co (HKSE:01461) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Zhongtai Futures Co Debt-to-Equity?

Zhongtai Futures Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. Zhongtai Futures Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$55 Mil. Zhongtai Futures Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,800 Mil. Zhongtai Futures Co's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Zhongtai Futures Co's Debt-to-Equity or its related term are showing as below:

HKSE:01461' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.02
Current: 0.02

During the past 10 years, the highest Debt-to-Equity Ratio of Zhongtai Futures Co was 0.02. The lowest was 0.01. And the median was 0.01.

HKSE:01461's Debt-to-Equity is ranked better than
91.78% of 608 companies
in the Capital Markets industry
Industry Median: 0.355 vs HKSE:01461: 0.02

Zhongtai Futures Co Debt-to-Equity Historical Data

The historical data trend for Zhongtai Futures 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.

Zhongtai Futures Co Debt-to-Equity Chart

Zhongtai Futures Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

Zhongtai Futures 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															0.01	0.06	0.01	0.04	0.02

Competitive Comparison of Zhongtai Futures Co's Debt-to-Equity

For the Capital Markets subindustry, Zhongtai Futures 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.

Zhongtai Futures Co's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Zhongtai Futures Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhongtai Futures Co's Debt-to-Equity falls into.

Zhongtai Futures Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhongtai Futures 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
	=	(0	+	54.815)	/	2800.392
	=	0.02

Zhongtai Futures 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
	=	(0	+	54.815)	/	2800.392
	=	0.02

Zhongtai Futures Co (HKSE:01461) 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.

Zhongtai Futures Co Debt-to-Equity Related Terms

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

Zhongtai Futures Co (HKSE:01461) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Zhongtai Futures Co Ltd (HKSE:01461) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 86 Jingqi Road, 15th-16th Floor, Securities Tower, Shizhong District, Shandong Province, Jinan, CHN, 250001

Website

http://www.lzqh.net.cn

Zhongtai Futures Co Ltd is engaged in four segments; Brokerage business, Risk management business, Asset management business, and Other businesses. The business scopes of the Group cover commodity futures brokerage, financial futures brokerage, futures transaction consulting, asset management, bulk commodity futures and spot trading services, cooperative hedging, market-maker business, OTC derivatives business, information technology consulting services, and other business activities. The Group mainly operates in Shandong Province, the PRC.

Executives

Xu Guiqin	2101 Beneficial owner
China Minsheng Investment Group Corp., Ltd.	2101 Beneficial owner
Cm International Capital Limited	2101 Beneficial owner

Zhongtai Futures Co (HKSE:01461) Headlines

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