Ganglong China Property Group (HKSE:06968) Debt-to-Equity : 1.19 (As of Dec. 2023)

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What is Ganglong China Property Group Debt-to-Equity?

Ganglong China Property Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,068 Mil. Ganglong China Property Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,270 Mil. Ganglong China Property Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$4,478 Mil. Ganglong China Property Group's debt to equity for the quarter that ended in Dec. 2023 was 1.19.

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 Ganglong China Property Group's Debt-to-Equity or its related term are showing as below:

HKSE:06968' s Debt-to-Equity Range Over the Past 10 Years
Min: 1 Med: 1.73 Max: 2.5
Current: 1.19

During the past 7 years, the highest Debt-to-Equity Ratio of Ganglong China Property Group was 2.50. The lowest was 1.00. And the median was 1.73.

HKSE:06968's Debt-to-Equity is ranked worse than
66.1% of 1587 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:06968: 1.19

Ganglong China Property Group Debt-to-Equity Historical Data

The historical data trend for Ganglong China Property 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.

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Ganglong China Property Group Debt-to-Equity Chart

Ganglong China Property Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.30

2.35

2.50

1.73

1.19

Ganglong China Property Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							2.50	2.10	1.73	1.40	1.19

Competitive Comparison of Ganglong China Property Group's Debt-to-Equity

For the Real Estate - Development subindustry, Ganglong China Property 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.

Ganglong China Property Group's Debt-to-Equity Distribution in the Real Estate Industry

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

* The bar in red indicates where Ganglong China Property Group's Debt-to-Equity falls into.

Ganglong China Property Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ganglong China Property 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
	=	(3067.661	+	2270.062)	/	4477.585
	=	1.19

Ganglong China Property Group'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
	=	(3067.661	+	2270.062)	/	4477.585
	=	1.19

Ganglong China Property Group (HKSE:06968) 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.

Ganglong China Property Group Debt-to-Equity Related Terms

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Ganglong China Property Group (HKSE:06968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ganglong China Property Group Ltd (HKSE:06968) » Definitions » Debt-to-Equity

Traded in Other Exchanges

52J:Germany

Address

No. 2177 Shenkun Road, No. 11 Building, Hongqiao International Exhibition Center, PortMix South District, Miuhang District, Shanghai, CHN

Website

https://www.glchina.group

Ganglong China Property Group Ltd is an investment holding company engaged in property development. It develops residential, retail, and commercial properties. The majority of its revenue comes from sales of properties in Changzhou city.

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