Huitong Construction Group Co (SHSE:603176) Debt-to-Equity : 2.31 (As of Mar. 2024)

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What is Huitong Construction Group Co Debt-to-Equity?

Huitong Construction Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥673 Mil. Huitong Construction Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,758 Mil. Huitong Construction Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,053 Mil. Huitong Construction Group Co's debt to equity for the quarter that ended in Mar. 2024 was 2.31.

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 Huitong Construction Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:603176' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.13 Med: 1.5 Max: 2.31
Current: 2.31

During the past 7 years, the highest Debt-to-Equity Ratio of Huitong Construction Group Co was 2.31. The lowest was 1.13. And the median was 1.50.

SHSE:603176's Debt-to-Equity is ranked worse than
92.43% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs SHSE:603176: 2.31

Huitong Construction Group Co Debt-to-Equity Historical Data

The historical data trend for Huitong Construction Group 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.

Huitong Construction Group Co Debt-to-Equity Chart

Huitong Construction Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.59

1.23

1.13

1.67

1.82

Huitong Construction Group Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													2.00	1.84	1.90	1.82	2.31

Competitive Comparison of Huitong Construction Group Co's Debt-to-Equity

For the Engineering & Construction subindustry, Huitong Construction Group 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.

Huitong Construction Group Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Huitong Construction Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Huitong Construction Group Co's Debt-to-Equity falls into.

Huitong Construction Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Huitong Construction Group 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
	=	(427.695	+	1583.341)	/	1102.953
	=	1.82

Huitong Construction Group Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(672.959	+	1757.706)	/	1053.17
	=	2.31

Huitong Construction Group Co (SHSE:603176) 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.

Huitong Construction Group Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Huitong Construction Group Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Huitong Construction Group Co (SHSE:603176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Huitong Construction Group Co Ltd (SHSE:603176) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

69 Century East Road, Gaobeidian City, Hebei Province, Baoding, CHN, 074099

Website

https://www.htlq.com.cn

Huitong Construction Group Co Ltd is engaged in the construction of roadbed, pavement, bridges and culverts, and tunnels.

Huitong Construction Group Co (SHSE:603176) Headlines

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