CA Cultural Technology Group (HKSE:01566) Debt-to-Equity : -1.11 (As of Sep. 2023)

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What is CA Cultural Technology Group Debt-to-Equity?

CA Cultural Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$897.8 Mil. CA Cultural Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$160.5 Mil. CA Cultural Technology Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$-952.4 Mil. CA Cultural Technology Group's debt to equity for the quarter that ended in Sep. 2023 was -1.11.

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 CA Cultural Technology Group's Debt-to-Equity or its related term are showing as below:

HKSE:01566' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.6 Med: 0.5 Max: 4.98
Current: -1.11

During the past 10 years, the highest Debt-to-Equity Ratio of CA Cultural Technology Group was 4.98. The lowest was -7.60. And the median was 0.50.

HKSE:01566's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.28 vs HKSE:01566: -1.11

CA Cultural Technology Group Debt-to-Equity Historical Data

The historical data trend for CA Cultural Technology Group'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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CA Cultural Technology Group Debt-to-Equity Chart

CA Cultural Technology Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.62

0.74

0.59

4.98

-1.26

CA Cultural Technology Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.49	4.98	-7.60	-1.26	-1.11

Competitive Comparison of CA Cultural Technology Group's Debt-to-Equity

For the Entertainment subindustry, CA Cultural Technology Group'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.

CA Cultural Technology Group's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CA Cultural Technology Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CA Cultural Technology Group's Debt-to-Equity falls into.

CA Cultural Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CA Cultural Technology Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(888.431	+	211.855)	/	-876.844
	=	-1.25

CA Cultural Technology Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(897.843	+	160.529)	/	-952.355
	=	-1.11

CA Cultural Technology Group (HKSE:01566) 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.

CA Cultural Technology Group Debt-to-Equity Related Terms

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CA Cultural Technology Group (HKSE:01566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CA Cultural Technology Group Ltd (HKSE:01566) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Harbour Road, Suites 2905, 29th Floor, China Resources Building, Wan Chai, Hong Kong, HKG

Website

https://www.animatechina.com

CA Cultural Technology Group Ltd is an investment holding company. The Company and its subsidiaries are engaged in the sales of animation derivative products, establishment and operation of indoor theme parks and multimedia animation entertainment in the PRC, Hong Kong and Japan. The company's reportable segment includes Sales of animation derivative products; Establishment and operation of indoor theme park CA SEGA JOYPOLIS brand; and Multimedia animation entertainment. It generates maximum revenue from the Establishment and operation of indoor theme parks segment.

CA Cultural Technology Group (HKSE:01566) Headlines

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