China Gingko Education Group Co (HKSE:01851) Debt-to-Equity : 0.43 (As of Dec. 2023)

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What is China Gingko Education Group Co Debt-to-Equity?

China Gingko Education Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$76.7 Mil. China Gingko Education Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$295.1 Mil. China Gingko Education Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$858.3 Mil. China Gingko Education Group Co's debt to equity for the quarter that ended in Dec. 2023 was 0.43.

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 Gingko Education Group Co's Debt-to-Equity or its related term are showing as below:

HKSE:01851' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.67 Max: 0.85
Current: 0.43

During the past 9 years, the highest Debt-to-Equity Ratio of China Gingko Education Group Co was 0.85. The lowest was 0.32. And the median was 0.67.

HKSE:01851's Debt-to-Equity is ranked worse than
56.88% of 218 companies
in the Education industry
Industry Median: 0.29 vs HKSE:01851: 0.43

China Gingko Education Group Co Debt-to-Equity Historical Data

The historical data trend for China Gingko Education Group 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 Gingko Education Group Co Debt-to-Equity Chart

China Gingko Education Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.85

0.78

0.71

0.63

0.43

China Gingko Education Group Co Semi-Annual Data
	Dec15	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												0.77	0.63	0.52	0.43	N/A

Competitive Comparison of China Gingko Education Group Co's Debt-to-Equity

For the Education & Training Services subindustry, China Gingko Education Group 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 Gingko Education Group Co's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Gingko Education Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Gingko Education Group Co's Debt-to-Equity falls into.

China Gingko Education Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Gingko Education Group 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
	=	(76.741	+	295.091)	/	858.29
	=	0.43

China Gingko Education Group 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
	=	(76.741	+	295.091)	/	858.29
	=	0.43

China Gingko Education Group Co (HKSE:01851) 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 Gingko Education Group Co Debt-to-Equity Related Terms

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

China Gingko Education Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Gingko Education Group Co Ltd (HKSE:01851) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Jinli Zhonglu, Qingyang District, Sichuan Province, Chengdu, CHN

Website

https://www.chinagingkoedu.com

China Gingko Education Group Co Ltd is an investment holding company. The company and its subsidiaries are higher education and vocational training service provider in Sichuan Province. It offers undergraduate majors and college diplomas. The group derives its revenue majorly from tuition fees and boarding fees. The operating segments of the group are Higher education and Hotel operation.

Executives

Greentree Hospitality Group Ltd.	2101 Beneficial owner
Greentree Inns Hotel Management Group, Inc.	2201 Interest of corporation controlled by you
Xu Alex Shuguang	2201 Interest of corporation controlled by you
Vast Universe Company Limited	2101 Beneficial owner
Xiong Lan	2202 Interest of your spouse
Fang Gongyu	2201 Interest of corporation controlled by you

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