China Golden Classic Group (HKSE:08281) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is China Golden Classic Group Debt-to-Equity?

China Golden Classic Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$7.0 Mil. China Golden Classic Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil. China Golden Classic Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$288.4 Mil. China Golden Classic Group's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Golden Classic Group's Debt-to-Equity or its related term are showing as below:

HKSE:08281' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.23 Max: 0.47
Current: 0.02

During the past 11 years, the highest Debt-to-Equity Ratio of China Golden Classic Group was 0.47. The lowest was 0.02. And the median was 0.23.

HKSE:08281's Debt-to-Equity is ranked better than
95.57% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs HKSE:08281: 0.02

China Golden Classic Group Debt-to-Equity Historical Data

The historical data trend for China Golden Classic Group'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 Golden Classic Group Debt-to-Equity Chart

China Golden Classic Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.28

0.09

0.06

0.07

0.02

China Golden Classic Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	N/A	0.07	N/A	0.02

Competitive Comparison of China Golden Classic Group's Debt-to-Equity

For the Household & Personal Products subindustry, China Golden Classic Group'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 Golden Classic Group's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Golden Classic Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Golden Classic Group's Debt-to-Equity falls into.

China Golden Classic Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Golden Classic Group'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
	=	(7.024	+	0)	/	288.41
	=	0.02

China Golden Classic Group'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
	=	(7.024	+	0)	/	288.41
	=	0.02

China Golden Classic Group (HKSE:08281) 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 Golden Classic Group Debt-to-Equity Related Terms

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

China Golden Classic Group (HKSE:08281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Golden Classic Group Ltd (HKSE:08281) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 34,35 Yingbin Road, Xiake Town, Jiangsu Province, Jiangyin City, CHN

Website

http://www.goldenclassicbio.com

China Golden Classic Group Ltd is a daily household product producer in China. The company's reportable segment includes Oral care products, Household Hygiene products, and Leather care products. The Oral Care Products segment involves the manufacturing and selling of oral care products including functional toothpaste, mouthwash, oral spray, and toothbrush. The Leather Care Products segment offers leather shoe care products and leather clothing care products. The Household Hygiene Products segment comprises household hygiene products such as surface cleaners, laundry care products, toilet care products, and mould proof products. The group's operations are mainly located in the PRC.

Executives

Chongbo Mary Investment Limited	2101 Beneficial owner
Li Qiuyan	2201 Interest of corporation controlled by you

China Golden Classic Group (HKSE:08281) Headlines

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