Jilin Province Chuncheng Heating Co (HKSE:01853) Debt-to-Equity : 0.14 (As of Jun. 2024)

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What is Jilin Province Chuncheng Heating Co Debt-to-Equity?

Jilin Province Chuncheng Heating Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$161 Mil. Jilin Province Chuncheng Heating Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$7 Mil. Jilin Province Chuncheng Heating Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$1,225 Mil. Jilin Province Chuncheng Heating Co's debt to equity for the quarter that ended in Jun. 2024 was 0.14.

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 Jilin Province Chuncheng Heating Co's Debt-to-Equity or its related term are showing as below:

HKSE:01853' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.19 Max: 0.91
Current: 0.68

During the past 9 years, the highest Debt-to-Equity Ratio of Jilin Province Chuncheng Heating Co was 0.91. The lowest was 0.00. And the median was 0.19.

HKSE:01853's Debt-to-Equity is ranked better than
57.47% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.85 vs HKSE:01853: 0.68

Jilin Province Chuncheng Heating Co Debt-to-Equity Historical Data

The historical data trend for Jilin Province Chuncheng Heating 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.

Jilin Province Chuncheng Heating Co Debt-to-Equity Chart

Jilin Province Chuncheng Heating Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

Get a 7-Day Free Trial

0.26

0.19

0.68

Jilin Province Chuncheng Heating Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial										0.26	0.31	0.19	0.14	0.68

Competitive Comparison of Jilin Province Chuncheng Heating Co's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, Jilin Province Chuncheng Heating 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.

Jilin Province Chuncheng Heating Co's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Jilin Province Chuncheng Heating Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jilin Province Chuncheng Heating Co's Debt-to-Equity falls into.

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Jilin Province Chuncheng Heating Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jilin Province Chuncheng Heating 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
	=	(203.294	+	6.999)	/	1082.673
	=	0.19

Jilin Province Chuncheng Heating Co'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
	=	(160.62	+	7.048)	/	1225.094
	=	0.14

Jilin Province Chuncheng Heating Co (HKSE:01853) 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.

Jilin Province Chuncheng Heating Co Debt-to-Equity Related Terms

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

Jilin Province Chuncheng Heating Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Jilin Province Chuncheng Heating Co Ltd (HKSE:01853) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 998 Nanhu Road, No. 28, Block B, Nanhu Road Community, Nanguan District, Jilin Province, Changchun, CHN

Website

http://www.cc-tp.com.cn

Jilin Province Chuncheng Heating Co Ltd is a heat service provider in Jilin Province. The heat supply activities include the provision and distribution of heat, pipeline connection, and heat transmission services. Further, it is also engaged in the offer of construction, maintenance, and design services which include engineering construction, engineering maintenance, design services, and electrical and instrument maintenance and repair services. It operates in two segments: Heat supply segment and Construction, maintenance and design services segment. It derives the majority of its revenue from the Heat supply segment.

Executives

Dong Bei Ya Wan Zhong Chuang Tou Zi Guan Li Ji Lin You Xian Gong Si	2305 Beneficiary of a trust
Zhong Guo Dui Wai Jing Ji Mao Yi Xin Tuo You Xian Gong Si	2301 Trustee
Cititrust Private Trust (cayman) Limited	2201 Interest of corporation controlled by you
Fantasy Races Limited	2201 Interest of corporation controlled by you
Harvest Well Holdings Limited	2201 Interest of corporation controlled by you
Joywise Holdings Limited	2201 Interest of corporation controlled by you
Ming Fai International Limited	2201 Interest of corporation controlled by you
Sunshine 100 China Holdings Ltd	2101 Beneficial owner
Guo Tou Tai Kang Xin Tuo You Xian Gong Si	2301 Trustee
He Li Bo	2101 Beneficial owner
Wang Fu Jiang	2101 Beneficial owner

Jilin Province Chuncheng Heating Co Headlines

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