Zhongtian Construction (Hunan) Group (HKSE:02433) Debt-to-Equity : 0.30 (As of Jun. 2023)

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What is Zhongtian Construction (Hunan) Group Debt-to-Equity?

Zhongtian Construction (Hunan) Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$151 Mil. Zhongtian Construction (Hunan) Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$3 Mil. Zhongtian Construction (Hunan) Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$519 Mil. Zhongtian Construction (Hunan) Group's debt to equity for the quarter that ended in Jun. 2023 was 0.30.

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 Zhongtian Construction (Hunan) Group's Debt-to-Equity or its related term are showing as below:

HKSE:02433' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.35 Max: 0.45
Current: 0.23

During the past 5 years, the highest Debt-to-Equity Ratio of Zhongtian Construction (Hunan) Group was 0.45. The lowest was 0.24. And the median was 0.35.

HKSE:02433's Debt-to-Equity is ranked better than
65.92% of 1526 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:02433: 0.23

Zhongtian Construction (Hunan) Group Debt-to-Equity Historical Data

The historical data trend for Zhongtian Construction (Hunan) 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.

Zhongtian Construction (Hunan) Group Debt-to-Equity Chart

Zhongtian Construction (Hunan) Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.45

0.29

0.24

0.40

0.23

Zhongtian Construction (Hunan) Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				N/A	0.43	0.40	0.30	0.23

Competitive Comparison of Zhongtian Construction (Hunan) Group's Debt-to-Equity

For the Engineering & Construction subindustry, Zhongtian Construction (Hunan) 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.

Zhongtian Construction (Hunan) Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhongtian Construction (Hunan) Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhongtian Construction (Hunan) Group's Debt-to-Equity falls into.

Zhongtian Construction (Hunan) Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhongtian Construction (Hunan) Group'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
	=	(152.66	+	3.825)	/	390.636
	=	0.40

Zhongtian Construction (Hunan) Group'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
	=	(150.783	+	3.114)	/	519.463
	=	0.30

Zhongtian Construction (Hunan) Group (HKSE:02433) 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.

Zhongtian Construction (Hunan) Group Debt-to-Equity Related Terms

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

Zhongtian Construction (Hunan) Group (HKSE:02433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhongtian Construction (Hunan) Group Ltd (HKSE:02433) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1197, East Xinhua Road, Hetang District, Hunan Province, Zhuzhou, CHN, 412008

Website

http://www.ztcon.com

Zhongtian Construction (Hunan) Group Ltd is engaged in general contracting construction in the PRC.

Executives

Zt (a) Limited	2101 Beneficial owner
Zt (m) Limited	2101 Beneficial owner

Zhongtian Construction (Hunan) Group (HKSE:02433) Headlines

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