BOC Aviation (HKSE:02588) Debt-to-Equity : 2.88 (As of Dec. 2023)

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What is BOC Aviation Debt-to-Equity?

BOC Aviation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$24,188 Mil. BOC Aviation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$104,869 Mil. BOC Aviation's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$44,894 Mil. BOC Aviation's debt to equity for the quarter that ended in Dec. 2023 was 2.87.

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 BOC Aviation's Debt-to-Equity or its related term are showing as below:

HKSE:02588' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.52 Med: 2.92 Max: 3.93
Current: 2.88

During the past 12 years, the highest Debt-to-Equity Ratio of BOC Aviation was 3.93. The lowest was 2.52. And the median was 2.92.

HKSE:02588's Debt-to-Equity is ranked worse than
91.82% of 929 companies
in the Business Services industry
Industry Median: 0.38 vs HKSE:02588: 2.88

BOC Aviation Debt-to-Equity Historical Data

The historical data trend for BOC Aviation'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.

BOC Aviation Debt-to-Equity Chart

BOC Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.91

3.50

3.18

2.91

2.88

BOC Aviation Semi-Annual Data
	Dec13	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															3.18	3.30	2.91	2.95	2.88

Competitive Comparison of BOC Aviation's Debt-to-Equity

For the Rental & Leasing Services subindustry, BOC Aviation'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.

BOC Aviation's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, BOC Aviation's Debt-to-Equity distribution charts can be found below:

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

BOC Aviation Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BOC Aviation'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
	=	(24188.356	+	104868.675)	/	44894.339
	=	2.87

BOC Aviation'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
	=	(24188.356	+	104868.675)	/	44894.339
	=	2.87

BOC Aviation (HKSE:02588) 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.

BOC Aviation Debt-to-Equity Related Terms

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

BOC Aviation (HKSE:02588) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BOC Aviation Ltd (HKSE:02588) » Definitions » Debt-to-Equity

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BCVVF:USA

Address

79 Robinson Road, No. 15-01, Singapore, SGP, 068897

Website

https://www.bocaviation.com

BOC Aviation is the world's fifth-largest aircraft leasing company by net book value of owned aircraft, with a portfolio of more than 600 commercial passenger and cargo aircraft. The company was founded in 1993 in Singapore as a joint venture between Singapore Airlines and U.S.-based Boullioun Aviation Services. In 2006, the company was acquired by the Bank of China and took on its current name. Listed on the Stock Exchange of Hong Kong in 2016, BOC Aviation remains headquartered in Singapore, but has operations in Dublin, London, New York, and Tianjin. Bank of China remains its largest shareholder with a 70% stake. BOC Aviation has an international management team with its key leaders having more than 30 years of experience in the aircraft and leasing business.

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