Cornerstone Technologies Holdings (HKSE:08391) Debt-to-Equity : 0.62 (As of Dec. 2023)

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What is Cornerstone Technologies Holdings Debt-to-Equity?

Cornerstone Technologies Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.7 Mil. Cornerstone Technologies Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$63.1 Mil. Cornerstone Technologies Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$105.4 Mil. Cornerstone Technologies Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.62.

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 Cornerstone Technologies Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:08391' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.38 Max: 1.34
Current: 0.62

During the past 8 years, the highest Debt-to-Equity Ratio of Cornerstone Technologies Holdings was 1.34. The lowest was 0.06. And the median was 0.38.

HKSE:08391's Debt-to-Equity is ranked worse than
62.07% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs HKSE:08391: 0.62

Cornerstone Technologies Holdings Debt-to-Equity Historical Data

The historical data trend for Cornerstone Technologies Holdings'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.

Cornerstone Technologies Holdings Debt-to-Equity Chart

Cornerstone Technologies Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.48

1.34

1.20

0.62

Cornerstone Technologies Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.20	N/A	0.76	N/A	0.62

Competitive Comparison of Cornerstone Technologies Holdings's Debt-to-Equity

For the Specialty Business Services subindustry, Cornerstone Technologies Holdings'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.

Cornerstone Technologies Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cornerstone Technologies Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cornerstone Technologies Holdings's Debt-to-Equity falls into.

Cornerstone Technologies Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cornerstone Technologies Holdings'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
	=	(2.715	+	63.06)	/	105.444
	=	0.62

Cornerstone Technologies Holdings'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
	=	(2.715	+	63.06)	/	105.444
	=	0.62

Cornerstone Technologies Holdings (HKSE:08391) 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.

Cornerstone Technologies Holdings Debt-to-Equity Related Terms

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Cornerstone Technologies Holdings (HKSE:08391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cornerstone Technologies Holdings Ltd (HKSE:08391) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Science Museum Road, Office Units 1107 - 11, 11th Floor, New East Ocean Centre, Kowloon - District, Hong Kong, HKG

Website

https://www.cstl.com.hk

Cornerstone Technologies Holdings Ltd is an investment holding company. It is a printing services provider which principally engages in the provisions of printing, typesetting and translation services in Hong Kong. The group is also engaged in supplying EV integrated charging solutions, including central management system, hub for e-payment, load management system and license plate recognition system to electric vehicle and smart parking. It derives prime revenue from the Printing business.

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