China Success Finance Group Holdings (HKSE:03623) Debt-to-Equity : 0.54 (As of Dec. 2023)

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What is China Success Finance Group Holdings Debt-to-Equity?

China Success Finance Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil. China Success Finance Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$190.52 Mil. China Success Finance Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$355.00 Mil. China Success Finance Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.54.

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 Success Finance Group Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:03623' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.22 Max: 0.54
Current: 0.54

During the past 12 years, the highest Debt-to-Equity Ratio of China Success Finance Group Holdings was 0.54. The lowest was 0.00. And the median was 0.22.

HKSE:03623's Debt-to-Equity is ranked worse than
80.41% of 296 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs HKSE:03623: 0.54

China Success Finance Group Holdings Debt-to-Equity Historical Data

The historical data trend for China Success Finance Group 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.

China Success Finance Group Holdings Debt-to-Equity Chart

China Success Finance Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.25

0.42

0.54

China Success Finance Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.55	0.54	0.59	0.54

Competitive Comparison of China Success Finance Group Holdings's Debt-to-Equity

For the Financial Conglomerates subindustry, China Success Finance Group 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.

China Success Finance Group Holdings's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, China Success Finance Group Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Success Finance Group Holdings's Debt-to-Equity falls into.

China Success Finance Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Success Finance Group Holdings'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
	=	(0	+	190.524)	/	354.995
	=	0.54

China Success Finance Group Holdings's Debt to Equity Ratio for the quarter 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
	=	(0	+	190.524)	/	354.995
	=	0.54

China Success Finance Group Holdings (HKSE:03623) 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 Success Finance Group Holdings Debt-to-Equity Related Terms

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

China Success Finance Group Holdings (HKSE:03623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » China Success Finance Group Holdings Ltd (HKSE:03623) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

28 Queen’s Road East, 604 6th Floor, Tesbury Centre, Wanchai, Hong Kong, HKG

Website

https://www.chinasuccessfinance.com

China Success Finance Group Holdings Ltd is an investment holding company. It is a guaranteed service provider offering financial and non-financial guarantee services, financial leasing, and financial consultancy services in China. The company's diversified business lines include asset management, fund management, investment and mergers and acquisitions, financial leasing, financing guarantee, overseas investment Capital, real estate finance, and microfinance The group operates two business segments: Financial services and Yangmianshan. The main business of Yangmianshan is sales of market hogs in the PRC business. The business operations of the company are carried out principally in the PRC.

China Success Finance Group Holdings (HKSE:03623) Headlines

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