Changhong Jiahua Holding (HKSE:03991) Debt-to-Equity : 0.64 (As of Dec. 2023)

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What is Changhong Jiahua Holding Debt-to-Equity?

Changhong Jiahua Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,790 Mil. Changhong Jiahua Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8 Mil. Changhong Jiahua Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,813 Mil. Changhong Jiahua Holding's debt to equity for the quarter that ended in Dec. 2023 was 0.64.

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 Changhong Jiahua Holding's Debt-to-Equity or its related term are showing as below:

HKSE:03991' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.52 Max: 0.97
Current: 0.64

During the past 13 years, the highest Debt-to-Equity Ratio of Changhong Jiahua Holding was 0.97. The lowest was 0.23. And the median was 0.52.

HKSE:03991's Debt-to-Equity is ranked worse than
75.03% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs HKSE:03991: 0.64

Changhong Jiahua Holding Debt-to-Equity Historical Data

The historical data trend for Changhong Jiahua Holding'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.

Changhong Jiahua Holding Debt-to-Equity Chart

Changhong Jiahua Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.53

0.96

0.45

0.97

0.64

Changhong Jiahua Holding 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															0.45	0.84	0.97	0.92	0.64

Competitive Comparison of Changhong Jiahua Holding's Debt-to-Equity

For the Electronics & Computer Distribution subindustry, Changhong Jiahua Holding'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.

Changhong Jiahua Holding's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Changhong Jiahua Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Changhong Jiahua Holding's Debt-to-Equity falls into.

Changhong Jiahua Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Changhong Jiahua Holding'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
	=	(1789.925	+	8.461)	/	2812.545
	=	0.64

Changhong Jiahua Holding'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
	=	(1789.925	+	8.461)	/	2812.545
	=	0.64

Changhong Jiahua Holding (HKSE:03991) 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.

Changhong Jiahua Holding Debt-to-Equity Related Terms

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Changhong Jiahua Holding (HKSE:03991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Changhong Jiahua Holding Ltd (HKSE:03991) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road, Unit 1412, 14th Foor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.changhongit.com

Changhong Jiahua Holding Ltd is an investment holding company. It operates through three segments viz. ICT Consumer Products which covers the distribution of ICT consumer products including personal computers, digital products, and IT accessories; ICT Corporate Products which is involved in the distribution of ICT corporate products including storage products, minicomputers, networking products, personal computer servers, and unified communication and contact center products; and Others include distribution of smartphones and development of its own-brand products including but not limited to intelligent terminals, sales of warranty packages and professional integrated ICT solutions and provision of ICT services. It derives prime revenue from Mainland China.

Executives

Zhu Jianqiu	2101 Beneficial owner
Changhong (hong Kong) Trading Ltd.	2201 Interest of corporation controlled by you
Sichuan Changhong Electric Co., Ltd.	2101 Beneficial owner
Fit Generation Holding Ltd.	2101 Beneficial owner

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