China Energy Development Holdings (HKSE:00228) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is China Energy Development Holdings Debt-to-Equity?

China Energy Development Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$145.8 Mil. China Energy Development Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$329.9 Mil. China Energy Development Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,721.9 Mil. China Energy Development Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

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

HKSE:00228' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.35
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of China Energy Development Holdings was 0.35. The lowest was 0.03. And the median was 0.07.

HKSE:00228's Debt-to-Equity is ranked better than
63.21% of 829 companies
in the Oil & Gas industry
Industry Median: 0.44 vs HKSE:00228: 0.28

China Energy Development Holdings Debt-to-Equity Historical Data

The historical data trend for China Energy Development 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.

China Energy Development Holdings Debt-to-Equity Chart

China Energy Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.06

0.31

0.32

0.35

0.28

China Energy Development Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.32	0.35	0.35	0.35	0.28

Competitive Comparison of China Energy Development Holdings's Debt-to-Equity

For the Oil & Gas Integrated subindustry, China Energy Development 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.

China Energy Development Holdings's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Energy Development Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Energy Development Holdings's Debt-to-Equity falls into.

China Energy Development Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Energy Development 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
	=	(145.822	+	329.866)	/	1721.865
	=	0.28

China Energy Development Holdings's Debt to Equity Ratio for the quarter 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
	=	(145.822	+	329.866)	/	1721.865
	=	0.28

China Energy Development Holdings (HKSE:00228) 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 Energy Development Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of China Energy Development Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

China Energy Development Holdings (HKSE:00228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Energy Development Holdings Ltd (HKSE:00228) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Yeung Uk Road, Office J, 29th Floor, Plaza 88, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.cnenergy.com.hk

China Energy Development Holdings Ltd is engaged in oil and gas exploration; distribution of natural gas; sales of food and beverages and money lending business in Hong Kong. Its segments include revenue-generating segments: The Exploration, Production, and Distribution of Natural Gas segment engaged in the exploration, development, production, and sales of natural gas and the usage of pipelines for the distribution of natural gas; The Sales of Food and Beverages Business segment is engaged in the sales of food and beverages; and The Money Lending Business segment is engaged in the provision of loans to third parties.

Executives

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