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Guangdong Syntrust GK Testing and Certification Tech Service Center Co (HKSE:08629) Debt-to-Equity : 0.35 (As of Jun. 2024)


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What is Guangdong Syntrust GK Testing and Certification Tech Service Center Co Debt-to-Equity?

Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$1.60 Mil. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$39.96 Mil. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$118.34 Mil. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's debt to equity for the quarter that ended in Jun. 2024 was 0.35.

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 Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Debt-to-Equity or its related term are showing as below:

HKSE:08629' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.09   Max: 0.35
Current: 0.35

During the past 3 years, the highest Debt-to-Equity Ratio of Guangdong Syntrust GK Testing and Certification Tech Service Center Co was 0.35. The lowest was 0.01. And the median was 0.09.

HKSE:08629's Debt-to-Equity is ranked better than
55.95% of 1564 companies
in the Construction industry
Industry Median: 0.45 vs HKSE:08629: 0.35

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Syntrust GK Testing and Certification Tech Service Center 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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Debt-to-Equity Chart

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
0.08 0.09 0.01

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
Debt-to-Equity 0.08 0.09 N/A 0.01 0.35

Competitive Comparison of Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Debt-to-Equity

For the Engineering & Construction subindustry, Guangdong Syntrust GK Testing and Certification Tech Service Center 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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Debt-to-Equity falls into.


Guangdong Syntrust GK Testing and Certification Tech Service Center Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Syntrust GK Testing and Certification Tech Service Center 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
=(0.556 + 0) / 112.205
=0.00

Guangdong Syntrust GK Testing and Certification Tech Service Center Co'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
=(1.597 + 39.96) / 118.342
=0.35

* 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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co  (HKSE:08629) 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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Debt-to-Equity Related Terms

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Guangdong Syntrust GK Testing and Certification Tech Service Center Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd (HKSE:08629) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:02163 HKSE:00896 HKSE:01903 HKSE:06063 HKSE:06829 HKSE:08268 HKSE:01559 HKSE:02863 HKSE:01683 HKSE:00385 XPAR:DG NSE:LT PWR SHSE:601668 TSX:WSP EME SHSE:601390 HKSE:01800 J XKRX:028260
Traded in Other Exchanges
N/A
Address
No. 4 Xinshang Road, 1st Floor, Building A, Construction Bureau Compound, Guangdong Province, Xinyi, CHN
Website
https://www.xyjiance.cn
Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd is principally engaged in the provision of construction engineering testing and inspection services, serving customers in Maoming, Guangdong Province of China. It offers construction engineering testing services including foundation testing service, infrastructure and public roads testing service, construction material testing service, as well as building structure testing service. Additionally, It provides construction engineering inspection services including slope monitoring and foundation pit monitoring services.
Executives
Chen Menghua 2101 Beneficial owner
Z K 2101 Beneficial owner
Lln Sheng Yu 2101 Beneficial owner
Lu Sili 2101 Beneficial owner
Zhang Yunling 2101 Beneficial owner
Liang Yishuang 2101 Beneficial owner
Lin Jiangjun 2101 Beneficial owner
Yue Hai Zi Chan Guan Li You Xian Gong Si 2101 Beneficial owner

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Headlines

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