Sunshine Group Development JSC (HSTC:KSF) Debt-to-Equity: 1.64 (As of Jun. 2026) — 204% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HSTC:KSF Sunshine Group Development JSC HSTC:KSF
54 GF Score
Price ₫80,600.00
GF Value ₫314,030.70
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Sunshine Group Development JSC Debt-to-Equity?

Sunshine Group Development JSC HSTC:KSF -1.83% 54 Debt-to-Equity is 1.64 as of Jun. 2026, which is 204% above its 10-year median of 0.54. GuruFocus rates HSTC:KSF with a GF Score™ of 54/100 and a GF Value™ of ₫314,030.70 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,544 Real Estate companies, Sunshine Group Development JSC ranks worse than 68.33% on this metric.

Sunshine Group Development JSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₫15,032,842 Mil. Sunshine Group Development JSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₫20,121,024 Mil. Sunshine Group Development JSC's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₫21,402,199 Mil. Sunshine Group Development JSC's debt to equity for the quarter that ended in Jun. 2026 was 1.64.

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 Sunshine Group Development JSC's Debt-to-Equity or its related term are showing as below:

HSTC:KSF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16   Med: 0.54   Max: 2.44
Current: 1.64

During the past 5 years, the highest Debt-to-Equity Ratio of Sunshine Group Development JSC was 2.44. The lowest was 0.16. And the median was 0.54.

HSTC:KSF's Debt-to-Equity is ranked worse than
68.33% of 1544 companies
in the Real Estate industry
Industry Median: 0.73 vs HSTC:KSF: 1.64

Sunshine Group Development JSC  (HSTC:KSF) 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.


Sunshine Group Development JSC Debt-to-Equity Related Terms


Sunshine Group Development JSC Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Sunshine Group Development JSC'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.

Sunshine Group Development JSC Debt-to-Equity Chart

Sunshine Group Development JSC Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
0.54 0.22 0.68 0.19 1.38

Sunshine Group Development JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.44 1.79 1.38 1.24 1.64

Sunshine Group Development JSC Debt-to-Equity Competitor Comparison

For the Real Estate - Diversified subindustry, Sunshine Group Development JSC'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.


Sunshine Group Development JSC Debt-to-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunshine Group Development JSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sunshine Group Development JSC's Debt-to-Equity falls into.


HSTC:KSF
54GF Score
Sunshine Group Development JSC HSTC:KSF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sunshine Group Development JSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunshine Group Development JSC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 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
=(9159798.828 + 14463646.311) / 17151013.192
=1.38

Sunshine Group Development JSC's Debt to Equity Ratio for the quarter that ended in Jun. 2026 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
=(15032842.476 + 20121023.927) / 21402198.685
=1.64

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.64 mean?
Sunshine Group Development JSC (HSTC:KSF) has a Debt-to-Equity of 1.64 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sunshine Group Development JSC and its competitors. This is 204% above median its historical median of 0.54. Over the past decade, Sunshine Group Development JSC's Debt-to-Equity has ranged from 0.16 to 2.44. According to the industry distribution chart, Sunshine Group Development JSC ranks #1055 out of 1544 companies in the Real Estate industry, placing it in the top 68.3%.
Is Sunshine Group Development JSC's Debt-to-Equity too high?
Sunshine Group Development JSC's current Debt-to-Equity of 1.64 is 204% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 2.44. The Real Estate industry median Debt-to-Equity is 0.73. Sunshine Group Development JSC's value of 1.64 is 124.7% above this industry median. Based on the distribution chart, Sunshine Group Development JSC ranks #1055 out of 1544 companies in the Real Estate industry, which is below the industry midpoint. Overall, Sunshine Group Development JSC has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sunshine Group Development JSC's Debt-to-Equity compare to competitors?
According to the Real Estate industry distribution chart, Sunshine Group Development JSC ranks #1055 out of 1544 companies for Debt-to-Equity. This places Sunshine Group Development JSC in the lower half of its industry. The industry median Debt-to-Equity is 0.73. Sunshine Group Development JSC's value of 1.64 is 124.7% above this benchmark. Historically, Sunshine Group Development JSC's own Debt-to-Equity has ranged from 0.16 to 2.44 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.73, Sunshine Group Development JSC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.73, based on 1,544 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sunshine Group Development JSC's current Debt-to-Equity of 1.64 is 124.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sunshine Group Development JSC and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunshine Group Development JSC's current Debt-to-Equity is 1.64, which is 204% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunshine Group Development JSC stock overvalued right now?
Based on GuruFocus' analysis, Sunshine Group Development JSC (HSTC:KSF) is currently considered Possible Value Trap. The stock's GF Value™ is ₫314,030.70, compared to a current price of ₫80,600.00 — trading 74.3% below its estimated fair value. The current Debt-to-Equity is 1.64, which is 204% above median its 10-year median of 0.54 and 124.7% above the Real Estate industry median of 0.73. Sunshine Group Development JSC's overall GF Score™ is 54/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Sunshine Group Development JSC (HSTC:KSF), the current Debt-to-Equity is 1.64 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sunshine Group Development JSC (HSTC:KSF) Overvalued in 2026?

Based on GuruFocus' analysis, Sunshine Group Development JSC stock appears to be undervalued. The current stock price of ₫80,600.00 is trading 74.3% below its estimated GF Value™ of ₫314,030.70. GuruFocus considers Sunshine Group Development JSC to be Possible Value Trap.

Key valuation signals for HSTC:KSF:

  • Debt-to-Equity: 1.64 (204% above median its 10-year median of 0.54)
  • GF Value™: ₫314,030.70 vs. price of ₫80,600.00 (74.3% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 124.7% above the Real Estate median (#1055 of 1544)

No single metric tells the full story. See the HSTC:KSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sunshine Group Development JSC Business Description

Address 12th Floor, Sunshine Center Building, 16 Pham Hung, My Dinh 2 Ward, Nam Tu Liem District, Hanoi, VNM
Sunshine Group Development JSC is a multi-industry economic group with key fields: Real Estate - Technology - Construction - Education - Finance - Communication - Trade in services. Its focus resources on developing real estate serving technology, including complexes related to training schools, research and development centers, moving towards urban areas and cities. Multi-functional smart city, combining and meeting all needs for research, education, work, entertainment, relaxation.
54GF Score

Get the complete analysis for HSTC:KSF

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫80,600.00
Price
₫314,030.70
GF Value