China New Higher Education Group (HKSE:02001) Debt-to-Equity : 0.73 (As of Feb. 2024)

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What is China New Higher Education Group Debt-to-Equity?

China New Higher Education Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was HK$1,488 Mil. China New Higher Education Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was HK$1,521 Mil. China New Higher Education Group's Total Stockholders Equity for the quarter that ended in Feb. 2024 was HK$4,141 Mil. China New Higher Education Group's debt to equity for the quarter that ended in Feb. 2024 was 0.73.

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

HKSE:02001' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.77 Max: 1.3
Current: 0.73

During the past 10 years, the highest Debt-to-Equity Ratio of China New Higher Education Group was 1.30. The lowest was 0.20. And the median was 0.77.

HKSE:02001's Debt-to-Equity is ranked worse than
67.86% of 224 companies
in the Education industry
Industry Median: 0.345 vs HKSE:02001: 0.73

China New Higher Education Group Debt-to-Equity Historical Data

The historical data trend for China New Higher Education 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.

* Premium members only.

China New Higher Education Group Debt-to-Equity Chart

China New Higher Education Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.60

0.82

1.00

1.05

0.77

China New Higher Education Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial													0.82	1.05	0.78	0.77	0.73

Competitive Comparison of China New Higher Education Group's Debt-to-Equity

For the Education & Training Services subindustry, China New Higher Education 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.

China New Higher Education Group's Debt-to-Equity Distribution in the Education Industry

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

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

China New Higher Education Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China New Higher Education Group's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(1252.415	+	1682.477)	/	3814.369
	=	0.77

China New Higher Education Group's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(1488.225	+	1521.132)	/	4141.098
	=	0.73

China New Higher Education Group (HKSE:02001) 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 New Higher Education Group Debt-to-Equity Related Terms

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

China New Higher Education Group (HKSE:02001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China New Higher Education Group Ltd (HKSE:02001) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8CN:Germany

Address

5A Shuguang Xili Street, 20th floor, Tower F, Phoenix Place, Chaoyang District, Beijing, CHN

Website

https://www.xingaojiao.com

China New Higher Education Group, or CNHE, is a leading higher education group in China. Its school network spans seven provinces. Total enrolled students reached about 140,000 for the academic year 2023/24 from 33,462 students as of December 2016. The rapid expansion is primarily attributable to school acquisitions. CNHE currently operates eight schools, up from only two schools in 2016.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Li Xiaoxuan	2101 Beneficial owner
Aspire Education Management Co., Ltd.	2101 Beneficial owner
Tx Capital (hk) Limited	2102 Investment manager
Greenwoods Asset Management Hong Kong Limited	2102 Investment manager
Invest Partner Group Limited	2201 Interest of corporation controlled by you
Jiang Jinzhi	2201 Interest of corporation controlled by you
Aspire Education Technology Co., Ltd.	2101 Beneficial owner

China New Higher Education Group (HKSE:02001) Headlines

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