Fosun Tourism Group (HKSE:01992) Debt-to-Equity : 9.37 (As of Jun. 2024)

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What is Fosun Tourism Group Debt-to-Equity?

Fosun Tourism Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$4,709 Mil. Fosun Tourism Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$21,317 Mil. Fosun Tourism Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$2,776 Mil. Fosun Tourism Group's debt to equity for the quarter that ended in Jun. 2024 was 9.37.

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 Fosun Tourism Group's Debt-to-Equity or its related term are showing as below:

HKSE:01992' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.63 Med: 5.06 Max: 10.3
Current: 9.37

During the past 9 years, the highest Debt-to-Equity Ratio of Fosun Tourism Group was 10.30. The lowest was -5.63. And the median was 5.06.

HKSE:01992's Debt-to-Equity is ranked worse than
97.82% of 687 companies
in the Travel & Leisure industry
Industry Median: 0.43 vs HKSE:01992: 9.37

Fosun Tourism Group Debt-to-Equity Historical Data

The historical data trend for Fosun Tourism 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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Fosun Tourism Group Debt-to-Equity Chart

Fosun Tourism Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.95

4.44

8.32

9.45

10.30

Fosun Tourism Group 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												6.93	9.45	8.58	10.30	9.37

Competitive Comparison of Fosun Tourism Group's Debt-to-Equity

For the Resorts & Casinos subindustry, Fosun Tourism 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.

Fosun Tourism Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fosun Tourism Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fosun Tourism Group's Debt-to-Equity falls into.

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Fosun Tourism Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fosun Tourism Group'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
	=	(4925.115	+	20948.468)	/	2511.775
	=	10.30

Fosun Tourism Group'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
	=	(4708.591	+	21316.997)	/	2776.245
	=	9.37

Fosun Tourism Group (HKSE:01992) 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.

Fosun Tourism Group Debt-to-Equity Related Terms

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

Fosun Tourism Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fosun Tourism Group (HKSE:01992) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Garden Road, Room 808 & 2101-06, ICBC Tower, Central, Hong Kong, HKG, 210010

Website

https://www.fosunholiday.com

Fosun Tourism Group is predominantly engaged in providing pioneering and family-focused tourism and leisure solutions. The company is organized into business units based on its products and services and has four reportable operating segments; Club Med and others, Atlantis Sanya, Vacation asset management center segment, and Foryou Club and other services segment. Club Med and others segment that generates key revenue consists of the Club Med resort operation business and other relevant businesses such as transportation service, resort construction service, youth play, and learning service. Geographically, the company generates a majority of its revenue from its businesses in Europe, Middle East and Africa followed by Asia Pacific, and America.

Executives

Fosun Holdings Limited	2201 Interest of corporation controlled by you
Fosun International Holdings Ltd.	2201 Interest of corporation controlled by you
Guo Guangchang	2201 Interest of corporation controlled by you
Fosun International Limited	2101 Beneficial owner
China Huarong International Holdings Ltd	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
Cho Jung-ho	2201 Interest of corporation controlled by you
Meritz Financial Group Inc.	2201 Interest of corporation controlled by you
Meritz Securities Co., Ltd.	2101 Beneficial owner

Fosun Tourism Group Headlines

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