China Tobacco International (HK) Co (HKSE:06055) Debt-to-Equity : 1.00 (As of Dec. 2023)

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What is China Tobacco International (HK) Co Debt-to-Equity?

China Tobacco International (HK) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,490 Mil. China Tobacco International (HK) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1 Mil. China Tobacco International (HK) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,494 Mil. China Tobacco International (HK) Co's debt to equity for the quarter that ended in Dec. 2023 was 1.00.

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 Tobacco International (HK) Co's Debt-to-Equity or its related term are showing as below:

HKSE:06055' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.75 Max: 1.04
Current: 1

During the past 8 years, the highest Debt-to-Equity Ratio of China Tobacco International (HK) Co was 1.04. The lowest was 0.02. And the median was 0.75.

HKSE:06055's Debt-to-Equity is ranked worse than
78.38% of 37 companies
in the Tobacco Products industry
Industry Median: 0.3 vs HKSE:06055: 1.00

China Tobacco International (HK) Co Debt-to-Equity Historical Data

The historical data trend for China Tobacco International (HK) Co'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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China Tobacco International (HK) Co Debt-to-Equity Chart

China Tobacco International (HK) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.75

1.04

1.00

China Tobacco International (HK) Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									0.75	1.13	1.04	0.99	1.00

Competitive Comparison of China Tobacco International (HK) Co's Debt-to-Equity

For the Tobacco subindustry, China Tobacco International (HK) Co'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 Tobacco International (HK) Co's Debt-to-Equity Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, China Tobacco International (HK) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Tobacco International (HK) Co's Debt-to-Equity falls into.

China Tobacco International (HK) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Tobacco International (HK) Co'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
	=	(2489.626	+	0.537)	/	2493.671
	=	1.00

China Tobacco International (HK) Co'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
	=	(2489.626	+	0.537)	/	2493.671
	=	1.00

China Tobacco International (HK) Co (HKSE:06055) 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 Tobacco International (HK) Co Debt-to-Equity Related Terms

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China Tobacco International (HK) Co (HKSE:06055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » China Tobacco International (HK) Co Ltd (HKSE:06055) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Hung Leun Road, China Life Center, Room 1002, 10th Floor, Tower A, One Harbour Gate, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.ctihk.com.hk

China Tobacco International (HK) Co Ltd is engaged in the tobacco business. It operates through the following segments: Tobacco Leaf Products Export Business, the Tobacco Leaf Product Import Business, the Cigarettes Export Business, and New Tobacco Product Export Business. The company's geographical segments are China (excluding the SARs), Indonesia, Hong Kong, Philippines, Vietnam, Singapore, Thailand, and others.

China Tobacco International (HK) Co (HKSE:06055) Headlines

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