Chow Tai Fook Jewellery Group (HKSE:01929) Debt-to-Equity : 1.05 (As of Sep. 2023)

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What is Chow Tai Fook Jewellery Group Debt-to-Equity?

Chow Tai Fook Jewellery Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$24,979 Mil. Chow Tai Fook Jewellery Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2,607 Mil. Chow Tai Fook Jewellery Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$26,221 Mil. Chow Tai Fook Jewellery Group's debt to equity for the quarter that ended in Sep. 2023 was 1.05.

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 Chow Tai Fook Jewellery Group's Debt-to-Equity or its related term are showing as below:

HKSE:01929' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.52 Max: 1.05
Current: 1.05

During the past 13 years, the highest Debt-to-Equity Ratio of Chow Tai Fook Jewellery Group was 1.05. The lowest was 0.32. And the median was 0.52.

HKSE:01929's Debt-to-Equity is ranked worse than
69.19% of 1003 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs HKSE:01929: 1.05

Chow Tai Fook Jewellery Group Debt-to-Equity Historical Data

The historical data trend for Chow Tai Fook Jewellery 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.

Chow Tai Fook Jewellery Group Debt-to-Equity Chart

Chow Tai Fook Jewellery Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.59

0.93

0.44

0.77

0.68

Chow Tai Fook Jewellery Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.70	0.77	0.93	0.68	1.05

Competitive Comparison of Chow Tai Fook Jewellery Group's Debt-to-Equity

For the Luxury Goods subindustry, Chow Tai Fook Jewellery 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.

Chow Tai Fook Jewellery Group's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Chow Tai Fook Jewellery Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chow Tai Fook Jewellery Group's Debt-to-Equity falls into.

Chow Tai Fook Jewellery Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chow Tai Fook Jewellery Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(20055.1	+	2051.1)	/	32397.4
	=	0.68

Chow Tai Fook Jewellery Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(24979.4	+	2606.5)	/	26221.1
	=	1.05

Chow Tai Fook Jewellery Group (HKSE:01929) 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.

Chow Tai Fook Jewellery Group Debt-to-Equity Related Terms

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Chow Tai Fook Jewellery Group (HKSE:01929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chow Tai Fook Jewellery Group Ltd (HKSE:01929) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CJEWY:USA CJEWF:USA 1CT:Germany

Address

16 - 18 Queen's Road Central, 33rd Floor, New World Tower, Central, Hong Kong, HKG

Website

https://www.ctfjewellerygroup.com

Chow Tai Fook Jewellery Group Ltd is engaged in the jewelry and watch business located in Mainland China. The company's geographical operating segment includes Mainland China and Hong Kong, Macau and other markets. It generates maximum revenue from Mainland China. Its product categories include ring, bands, necklace, pendant, earrings, chain, bracelet, and others. The company derives revenue from Gem-set, Gold products, Platinum/Karat gold products, and Watches.

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