Jiu Rong Holdings (HKSE:02358) Debt-to-Equity : 1.64 (As of Jun. 2023)

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What is Jiu Rong Holdings Debt-to-Equity?

Jiu Rong Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$184.4 Mil. Jiu Rong Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$541.4 Mil. Jiu Rong Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$442.0 Mil. Jiu Rong Holdings's debt to equity for the quarter that ended in Jun. 2023 was 1.64.

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 Jiu Rong Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:02358' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 1.23 Max: 1.95
Current: 1.64

During the past 13 years, the highest Debt-to-Equity Ratio of Jiu Rong Holdings was 1.95. The lowest was 0.00. And the median was 1.23.

HKSE:02358's Debt-to-Equity is ranked worse than
94.3% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs HKSE:02358: 1.64

Jiu Rong Holdings Debt-to-Equity Historical Data

The historical data trend for Jiu Rong Holdings'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.

Jiu Rong Holdings Debt-to-Equity Chart

Jiu Rong Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.69

0.55

1.18

1.23

1.72

Jiu Rong Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															1.45	1.23	1.30	1.72	1.64

Competitive Comparison of Jiu Rong Holdings's Debt-to-Equity

For the Consumer Electronics subindustry, Jiu Rong Holdings'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.

Jiu Rong Holdings's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiu Rong Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiu Rong Holdings's Debt-to-Equity falls into.

Jiu Rong Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiu Rong Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(339.792	+	479.993)	/	475.554
	=	1.72

Jiu Rong Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(184.394	+	541.428)	/	442.048
	=	1.64

Jiu Rong Holdings (HKSE:02358) 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.

Jiu Rong Holdings Debt-to-Equity Related Terms

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Jiu Rong Holdings (HKSE:02358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiu Rong Holdings Ltd (HKSE:02358) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1 Harbour Road, Flat 8, 49th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://www.jiurongkg.com

Jiu Rong Holdings Ltd is an investment holding company. Its Digital Video business segment, which is the key revenue driver, carries out the manufacturing and sales of digital television (TV), high definition liquid crystal display TV, and set-top boxes as well as provision of application of solutions regarding the integration of telecommunication, TV, and internet in the digital audiovisual industry. The other segments of the group are the New energy vehicles business; Cloud Ecological Big Data Business; Properties development, Properties investment and, General Trading. The group has a business presence in the PRC, Hong Kong, and Cuba, of which a majority of revenue is generated from the PRC.

Jiu Rong Holdings (HKSE:02358) Headlines

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