China New Consumption Group (HKSE:08275) Debt-to-Equity : 0.06 (As of Sep. 2023)

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What is China New Consumption Group Debt-to-Equity?

China New Consumption Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$3.7 Mil. China New Consumption Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.2 Mil. China New Consumption Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$106.5 Mil. China New Consumption Group's debt to equity for the quarter that ended in Sep. 2023 was 0.05.

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

HKSE:08275' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.32 Max: 0.79
Current: 0.06

During the past 8 years, the highest Debt-to-Equity Ratio of China New Consumption Group was 0.79. The lowest was 0.06. And the median was 0.32.

HKSE:08275's Debt-to-Equity is ranked better than
87.69% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:08275: 0.06

China New Consumption Group Debt-to-Equity Historical Data

The historical data trend for China New Consumption 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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China New Consumption Group Debt-to-Equity Chart

China New Consumption Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.38

0.76

0.65

0.32

0.10

China New Consumption Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.14	N/A	0.10	N/A	0.06

Competitive Comparison of China New Consumption Group's Debt-to-Equity

For the Engineering & Construction subindustry, China New Consumption 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.

China New Consumption Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, China New Consumption Group's Debt-to-Equity distribution charts can be found below:

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

China New Consumption Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China New Consumption Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(4.273	+	3.197)	/	72.622
	=	0.10

China New Consumption Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3.677	+	2.176)	/	106.476
	=	0.05

China New Consumption Group (HKSE:08275) 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 New Consumption Group Debt-to-Equity Related Terms

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

China New Consumption Group (HKSE:08275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China New Consumption Group Ltd (HKSE:08275) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-26 Kwai Tak Street, Room 1204, 12th Floor, Block 2, Golden Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.tfcel.com.hk

China New Consumption Group Ltd is a subcontractor primarily engaged in the foundation business in Hong Kong. It offers specialized foundation works, mainly the removal of pre-existing foundations or obstructing piles for urban renewal or railway projects. Geographically, it has a business presence in Hong Kong and Macau, of which key revenue is generated in Hong Kong. The group derives revenue from the construction contract, ancillary services, and machinery rental income.

Executives

Wong Fei Heung Terbe	2201 Interest of corporation controlled by you
Goldstone Wealth Management Limited	2101 Beneficial owner
Goldstone 1 Lpf	2101 Beneficial owner
Lam Yu Chor Paul	2201 Interest of corporation controlled by you
Success Run International Limited	2101 Beneficial owner
Tai Pik Yeung Tyler	2101 Beneficial owner
China New Economy Fund Limited	2101 Beneficial owner

China New Consumption Group (HKSE:08275) Headlines

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