South China Vocational Education Group Co (HKSE:06913) Debt-to-Equity : 0.20 (As of Dec. 2023)

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What is South China Vocational Education Group Co Debt-to-Equity?

South China Vocational Education Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$171.9 Mil. South China Vocational Education Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$180.6 Mil. South China Vocational Education Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,805.7 Mil. South China Vocational Education Group Co's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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 South China Vocational Education Group Co's Debt-to-Equity or its related term are showing as below:

HKSE:06913' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.44 Max: 0.86
Current: 0.2

During the past 6 years, the highest Debt-to-Equity Ratio of South China Vocational Education Group Co was 0.86. The lowest was 0.20. And the median was 0.44.

HKSE:06913's Debt-to-Equity is ranked better than
65.18% of 224 companies
in the Education industry
Industry Median: 0.345 vs HKSE:06913: 0.20

South China Vocational Education Group Co Debt-to-Equity Historical Data

The historical data trend for South China Vocational Education Group 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.

* Premium members only.

South China Vocational Education Group Co Debt-to-Equity Chart

South China Vocational Education Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.82

0.59

0.29

0.22

0.20

South China Vocational Education Group Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.29	0.26	0.22	0.25	0.20

Competitive Comparison of South China Vocational Education Group Co's Debt-to-Equity

For the Education & Training Services subindustry, South China Vocational Education Group 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.

South China Vocational Education Group Co's Debt-to-Equity Distribution in the Education Industry

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

* The bar in red indicates where South China Vocational Education Group Co's Debt-to-Equity falls into.

South China Vocational Education Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

South China Vocational Education Group 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
	=	(171.902	+	180.633)	/	1805.658
	=	0.20

South China Vocational Education Group 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
	=	(171.902	+	180.633)	/	1805.658
	=	0.20

South China Vocational Education Group Co (HKSE:06913) 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.

South China Vocational Education Group Co Debt-to-Equity Related Terms

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South China Vocational Education Group Co (HKSE:06913) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » South China Vocational Education Group Co Ltd (HKSE:06913) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 492 Da Guan Zhong Road, Tianhe District, Guangdong Province, Guangzhou, CHN

Website

https://www.scvedugroup.com

South China Vocational Education Group Co Ltd is a private formal vocational education service provider. The company offers a wide range of innovative courses and provides students with practical skills through extensive and in-depth school-enterprise cooperation projects.

Executives

Zhihui Guang Limited	2101 Beneficial owner
He Huishan	2201 Interest of corporation controlled by you
Zhou Lanqing	2201 Interest of corporation controlled by you
China Foreign Education Limited	2101 Beneficial owner
Du Wenyu	2202 Interest of your spouse
Fangyuan International Education Investment Limited	2101 Beneficial owner
Han Liqing	2202 Interest of your spouse
He Huifang	2201 Interest of corporation controlled by you
He Huifen	2201 Interest of corporation controlled by you

South China Vocational Education Group Co (HKSE:06913) Headlines

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