Vinacomin Machinery Joint Stock Company (HSTC:CTT) Debt-to-Equity : 1.95 (As of Sep. 2023)

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What is Vinacomin Machinery Joint Stock Company Debt-to-Equity?

Vinacomin Machinery Joint Stock Company's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₫104,664 Mil. Vinacomin Machinery Joint Stock Company's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₫19,706 Mil. Vinacomin Machinery Joint Stock Company's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₫63,682 Mil. Vinacomin Machinery Joint Stock Company's debt to equity for the quarter that ended in Sep. 2023 was 1.95.

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 Vinacomin Machinery Joint Stock Company's Debt-to-Equity or its related term are showing as below:

HSTC:CTT' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.95 Med: 3.32 Max: 4.26
Current: 1.95

During the past 4 years, the highest Debt-to-Equity Ratio of Vinacomin Machinery Joint Stock Company was 4.26. The lowest was 1.95. And the median was 3.32.

HSTC:CTT's Debt-to-Equity is ranked worse than
96.1% of 2616 companies
in the Industrial Products industry
Industry Median: 0.29 vs HSTC:CTT: 1.95

Vinacomin Machinery Joint Stock Company Debt-to-Equity Historical Data

The historical data trend for Vinacomin Machinery Joint Stock Company'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.

Vinacomin Machinery Joint Stock Company Debt-to-Equity Chart

Vinacomin Machinery Joint Stock Company Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

3.30

3.32

3.33

2.98

Vinacomin Machinery Joint Stock Company Quarterly Data
	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial													3.34	3.54	2.95	2.22	1.95

Competitive Comparison of Vinacomin Machinery Joint Stock Company's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Vinacomin Machinery Joint Stock Company'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.

Vinacomin Machinery Joint Stock Company's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vinacomin Machinery Joint Stock Company's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Vinacomin Machinery Joint Stock Company's Debt-to-Equity falls into.

Vinacomin Machinery Joint Stock Company Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vinacomin Machinery Joint Stock Company's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(171543.914	+	20569.061)	/	64436.566
	=	2.98

Vinacomin Machinery Joint Stock Company'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
	=	(104663.864	+	19705.9)	/	63681.536
	=	1.95

Vinacomin Machinery Joint Stock Company (HSTC:CTT) 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.

Vinacomin Machinery Joint Stock Company Debt-to-Equity Related Terms

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Vinacomin Machinery Joint Stock Company (HSTC:CTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinacomin Machinery Joint Stock Company (HSTC:CTT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 486, Tran Phu Street, Quang Ninh Province, Cam Thuy Ward, Cam Pha City, VNM

Website

http://www.chetaomay.com.vn

Vinacomin Machinery Joint Stock Company is a Vietnam based machinery manufacturing company. It provides power protector, cutting machine, drilling machine, hydraulic.