China Fortune Land Development Co (SHSE:600340) Debt-to-Equity : 28.71 (As of Sep. 2024)

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What is China Fortune Land Development Co Debt-to-Equity?

China Fortune Land Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥30,314 Mil. China Fortune Land Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥137,346 Mil. China Fortune Land Development Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥5,840 Mil. China Fortune Land Development Co's debt to equity for the quarter that ended in Sep. 2024 was 28.71.

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 Fortune Land Development Co's Debt-to-Equity or its related term are showing as below:

SHSE:600340' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.38 Med: 3.61 Max: 166.94
Current: 28.71

During the past 13 years, the highest Debt-to-Equity Ratio of China Fortune Land Development Co was 166.94. The lowest was 2.38. And the median was 3.61.

SHSE:600340's Debt-to-Equity is ranked worse than
99.62% of 1567 companies
in the Real Estate industry
Industry Median: 0.73 vs SHSE:600340: 28.71

China Fortune Land Development Co Debt-to-Equity Historical Data

The historical data trend for China Fortune Land Development 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.

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China Fortune Land Development Co Debt-to-Equity Chart

China Fortune Land Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.49

3.12

32.28

20.93

26.05

China Fortune Land Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															21.69	26.05	33.93	37.18	28.71

Competitive Comparison of China Fortune Land Development Co's Debt-to-Equity

For the Real Estate - Development subindustry, China Fortune Land Development 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.

China Fortune Land Development Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Fortune Land Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Fortune Land Development Co's Debt-to-Equity falls into.

China Fortune Land Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Fortune Land Development 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
	=	(28085.93	+	158453.289)	/	7160.231
	=	26.05

China Fortune Land Development Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(30314.398	+	137346.15)	/	5840.464
	=	28.71

China Fortune Land Development Co (SHSE:600340) 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 Fortune Land Development Co Debt-to-Equity Related Terms

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China Fortune Land Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Fortune Land Development Co Ltd (SHSE:600340) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 18, Xiaguangli, North Dongsanhuan Road, Fl.9, Block A, Jiacheng Plaza, Chaoyang District, Beijing, CHN, 100027

Website

http://www.cfldcn.com

China Fortune Land Development Co Ltd is engaged in the investment, development, construction and operation of the new industrial city. It is primarily involved in planning, designing, land consolidation, investment, infrastructure construction and public facility development. Further, it is also involved in development of green cities and construction of smart urban.

Executives

Chen Huai Zhou	Director
Zhang Shu Feng	Director
Li Yu Shan	senior management
Sun Jian Fu	senior management
Feng Nian Yi	Directors, senior managers
Wang Wen Xue	Director
Zhao Wei	Director
Zhong Jian	Director
Yu Jian	senior management
Meng Jing	Director
Yuan Gang	Director
Lin Cheng Hong	Director
Zhao Hong Jing	Director
Wu Xiang Dong	Director
Wu Zhong Bing	Director

China Fortune Land Development Co Headlines

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