Glorious Property Holdings (STU:GI0A) Debt-to-Equity : -6.63 (As of Jun. 2024)

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What is Glorious Property Holdings Debt-to-Equity?

Glorious Property Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €3,034.9 Mil. Glorious Property Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.1 Mil. Glorious Property Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €-457.6 Mil. Glorious Property Holdings's debt to equity for the quarter that ended in Jun. 2024 was -6.63.

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 Glorious Property Holdings's Debt-to-Equity or its related term are showing as below:

STU:GI0A' s Debt-to-Equity Range Over the Past 10 Years
Min: -2900 Med: 3.49 Max: 69.23
Current: -6.63

During the past 13 years, the highest Debt-to-Equity Ratio of Glorious Property Holdings was 69.23. The lowest was -2900.00. And the median was 3.49.

STU:GI0A's Debt-to-Equity is not ranked
in the Real Estate industry.
Industry Median: 0.73 vs STU:GI0A: -6.63

Glorious Property Holdings Debt-to-Equity Historical Data

The historical data trend for Glorious Property Holdings'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.

Glorious Property Holdings Debt-to-Equity Chart

Glorious Property Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.77

3.73

69.23

-2,899.63

-7.67

Glorious Property Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															-30.09	-2,899.63	-30.73	-7.67	-6.63

Competitive Comparison of Glorious Property Holdings's Debt-to-Equity

For the Real Estate - Development subindustry, Glorious Property Holdings'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.

Glorious Property Holdings's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Glorious Property Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Glorious Property Holdings's Debt-to-Equity falls into.

Glorious Property Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Glorious Property Holdings'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
	=	(2910.729	+	0.078)	/	-379.682
	=	-7.67

Glorious Property Holdings'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
	=	(3034.893	+	0.063)	/	-457.586
	=	-6.63

Glorious Property Holdings (STU:GI0A) 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.

Glorious Property Holdings Debt-to-Equity Related Terms

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Glorious Property Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Glorious Property Holdings Ltd (STU:GI0A) » Definitions » Debt-to-Equity

Traded in Other Exchanges

00845:Hong Kong

Address

50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chai Wan, Hong Kong, HKG

Website

http://www.gloriousphl.com.cn

Glorious Property Holdings Ltd is a national property developer in China. It focuses on the development and sales of large-scale properties in key economic areas such as the Shanghai region, Yangtze River Delta, Pan Bohai Rim, and Northeast China. The firm develops residential and commercial properties and is also involved in property management. Its reportable operating segments, namely Shanghai Region, Yangtze River Delta (excluding Shanghai), Pan Bohai Rim, and Northeast China. The Others segment represents corporate support functions. The company generates maximum revenue from the Shanghai region.

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