Chervon Holdings (HKSE:02285) Debt-to-Equity : 0.35 (As of Dec. 2023)

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What is Chervon Holdings Debt-to-Equity?

Chervon Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,569 Mil. Chervon Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,055 Mil. Chervon Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$7,503 Mil. Chervon Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.35.

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

HKSE:02285' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.97 Max: 2.31
Current: 0.35

During the past 6 years, the highest Debt-to-Equity Ratio of Chervon Holdings was 2.31. The lowest was 0.35. And the median was 0.97.

HKSE:02285's Debt-to-Equity is ranked worse than
55.15% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs HKSE:02285: 0.35

Chervon Holdings Debt-to-Equity Historical Data

The historical data trend for Chervon 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.

Chervon Holdings Debt-to-Equity Chart

Chervon Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.05

1.37

0.57

0.37

0.35

Chervon Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.57	0.43	0.37	0.26	0.35

Competitive Comparison of Chervon Holdings's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Chervon 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.

Chervon Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chervon Holdings's Debt-to-Equity distribution charts can be found below:

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

Chervon Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chervon 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
	=	(1568.794	+	1055.463)	/	7503.07
	=	0.35

Chervon 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
	=	(1568.794	+	1055.463)	/	7503.07
	=	0.35

Chervon Holdings (HKSE:02285) 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.

Chervon Holdings Debt-to-Equity Related Terms

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Chervon Holdings (HKSE:02285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chervon Holdings Ltd (HKSE:02285) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CHRHF:USA AZ9:Germany

Address

No. 99, Tianyuan West Road, Jiangning Economic and Technological, Development Zone, Nanjing, CHN

Website

https://global.chervongroup.com

Chervon Holdings Ltd is an investment holding company. The company and its subsidiaries are engaged in researching, developing, manufacturing, testing, sales, and after-sale services for power tools, outdoor power equipment and related products. The Company earned majority of its revenue from Sales of outdoor power equipment.

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