Shenzhen Wongtee International Enterprise Co (SZSE:200056) Debt-to-Equity : 4.67 (As of Mar. 2024)

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What is Shenzhen Wongtee International Enterprise Co Debt-to-Equity?

Shenzhen Wongtee International Enterprise Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$3,842 Mil. Shenzhen Wongtee International Enterprise Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$785 Mil. Shenzhen Wongtee International Enterprise Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was HK$992 Mil. Shenzhen Wongtee International Enterprise Co's debt to equity for the quarter that ended in Mar. 2024 was 4.67.

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 Shenzhen Wongtee International Enterprise Co's Debt-to-Equity or its related term are showing as below:

SZSE:200056' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.99 Max: 4.67
Current: 4.67

During the past 13 years, the highest Debt-to-Equity Ratio of Shenzhen Wongtee International Enterprise Co was 4.67. The lowest was 0.23. And the median was 0.99.

SZSE:200056's Debt-to-Equity is ranked worse than
96.02% of 1584 companies
in the Real Estate industry
Industry Median: 0.76 vs SZSE:200056: 4.67

Shenzhen Wongtee International Enterprise Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen Wongtee International Enterprise 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.

Shenzhen Wongtee International Enterprise Co Debt-to-Equity Chart

Shenzhen Wongtee International Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.85

0.98

1.27

2.06

4.28

Shenzhen Wongtee International Enterprise Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.17	2.54	2.68	4.28	4.67

Competitive Comparison of Shenzhen Wongtee International Enterprise Co's Debt-to-Equity

For the Real Estate - Development subindustry, Shenzhen Wongtee International Enterprise 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.

Shenzhen Wongtee International Enterprise Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen Wongtee International Enterprise Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhen Wongtee International Enterprise Co's Debt-to-Equity falls into.

Shenzhen Wongtee International Enterprise Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Wongtee International Enterprise 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
	=	(3860.007	+	796.304)	/	1087.614
	=	4.28

Shenzhen Wongtee International Enterprise 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
	=	(3841.97	+	784.933)	/	991.806
	=	4.67

Shenzhen Wongtee International Enterprise Co (SZSE:200056) 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.

Shenzhen Wongtee International Enterprise Co Debt-to-Equity Related Terms

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Shenzhen Wongtee International Enterprise Co (SZSE:200056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Wongtee International Enterprise Co Ltd (SZSE:200056) » Definitions » Debt-to-Equity

Traded in Other Exchanges

000056:China

Address

Jintian Road, Huang Gang Business Centre, Unit 03, 58th Floor, Futian District, Guangdong Province, Shenzhen, CHN, 518100

Website

http://www.china-ia.com

Shenzhen Wongtee International Enterprise Co Ltd is a real estate development company. The firm is engaged in the business operation and management of its own shopping malls. In addition to the real estate operations, it is also involved in the provision of financial services and content services.

Shenzhen Wongtee International Enterprise Co (SZSE:200056) Headlines

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