China Communications Services (HKSE:00552) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is China Communications Services Debt-to-Equity?

China Communications Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,417 Mil. China Communications Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,184 Mil. China Communications Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$46,570 Mil. China Communications Services's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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 Communications Services's Debt-to-Equity or its related term are showing as below:

HKSE:00552' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.06
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of China Communications Services was 0.06. The lowest was 0.00. And the median was 0.03.

HKSE:00552's Debt-to-Equity is ranked better than
89.24% of 344 companies
in the Telecommunication Services industry
Industry Median: 0.65 vs HKSE:00552: 0.06

China Communications Services Debt-to-Equity Historical Data

The historical data trend for China Communications Services'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 Communications Services Debt-to-Equity Chart

China Communications Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.06

China Communications Services 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															0.06	0.06	0.06	0.06	0.06

Competitive Comparison of China Communications Services's Debt-to-Equity

For the Telecom Services subindustry, China Communications Services'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 Communications Services's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Communications Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Communications Services's Debt-to-Equity falls into.

China Communications Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Communications Services'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
	=	(1416.725	+	1183.938)	/	46569.56
	=	0.06

China Communications Services'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
	=	(1416.725	+	1183.938)	/	46569.56
	=	0.06

China Communications Services (HKSE:00552) 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 Communications Services Debt-to-Equity Related Terms

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

China Communications Services (HKSE:00552) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Communications Services Corp Ltd (HKSE:00552) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CUCSF:USA CMW:Germany

Address

Fenghuangzui Street, Block No. 1, Compound No. 1, Fengtai District, Beijing, CHN, 100073

Website

https://www.chinaccs.com.hk

China Communications Services Corp Ltd is active in the technology sector. It provides integrated comprehensive solutions for the informatization and digitalization sector. It provides integrated solutions, including telecommunications infrastructure services, business process outsourcing services as well as applications, content, and other services to telecommunications operators, government agencies, industrial customers, and small-and-medium enterprises.

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