Zhenro Services Group (HKSE:06958) Debt-to-Equity : 0.26 (As of Jun. 2024)

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What is Zhenro Services Group Debt-to-Equity?

Zhenro Services Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$124 Mil. Zhenro Services Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$170 Mil. Zhenro Services Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$1,149 Mil. Zhenro Services Group's debt to equity for the quarter that ended in Jun. 2024 was 0.26.

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 Zhenro Services Group's Debt-to-Equity or its related term are showing as below:

HKSE:06958' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.18 Max: 34.54
Current: 0.31

During the past 8 years, the highest Debt-to-Equity Ratio of Zhenro Services Group was 34.54. The lowest was 0.03. And the median was 0.18.

HKSE:06958's Debt-to-Equity is ranked better than
71.96% of 1548 companies
in the Real Estate industry
Industry Median: 0.71 vs HKSE:06958: 0.31

Zhenro Services Group Debt-to-Equity Historical Data

The historical data trend for Zhenro Services 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.

Zhenro Services Group Debt-to-Equity Chart

Zhenro Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.03

0.19

0.15

0.07

0.31

Zhenro Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial									0.15	0.11	0.07	0.26	0.31

Competitive Comparison of Zhenro Services Group's Debt-to-Equity

For the Real Estate Services subindustry, Zhenro Services 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.

Zhenro Services Group's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhenro Services Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhenro Services Group's Debt-to-Equity falls into.

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Zhenro Services Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhenro Services Group'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
	=	(73.459	+	10.893)	/	1183.94
	=	0.07

Zhenro Services Group's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(123.669	+	169.785)	/	1148.982
	=	0.26

Zhenro Services Group (HKSE:06958) 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.

Zhenro Services Group Debt-to-Equity Related Terms

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Zhenro Services Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhenro Services Group Ltd (HKSE:06958) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 666, Shenhong Road, 1st Floor, Building No. 7, Hongqiao Zhenro Center, Minhang District, Hongqiao Business Core District, Shanghai, CHN

Website

http://www.zhenrowy.com

Zhenro Services Group Ltd is a property management service provider in China, offering diversified property management services for residential and non-residential properties. The group is principally engaged in the provision of property management services, value-added services to non-property owners, community value-added services, and commercial operational management services. The majority of revenue is derived from the property management services. Geographically it operates in Mainland China.

Executives

Shan Tian Investment Limited	2101 Beneficial owner
Li Xi	2202 Interest of your spouse
Ou Guoqiang	2201 Interest of corporation controlled by you
Ou Guowei	2201 Interest of corporation controlled by you
Warm Shine Limited	2101 Beneficial owner
Wei Qiang Kong Gu You Xian Gong Si	2101 Beneficial owner
Sunny Time International Company Limited	2101 Beneficial owner
Lin Shuying	2202 Interest of your spouse
Ou Zongrong	2201 Interest of corporation controlled by you
Wei Zheng Kong Gu You Xian Gong Si	2101 Beneficial owner
Hua Bo Mao Yi You Xian Gong Si	2101 Beneficial owner
Wei Tian Kong Gu You Xian Gong Si
Wei Yao Kong Gu You Xian Gong Si

Zhenro Services Group Headlines

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