China International Capital (HKSE:03908) Debt-to-Equity

: 2.68 (As of Dec. 2023)

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China International Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$185,840 Mil. China International Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$120,774 Mil. China International Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$114,413 Mil. China International Capital's debt to equity for the quarter that ended in Dec. 2023 was 2.68.

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 International Capital's Debt-to-Equity or its related term are showing as below:

HKSE:03908' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.52 Med: 2.78 Max: 3.16
Current: 2.68

During the past 12 years, the highest Debt-to-Equity Ratio of China International Capital was 3.16. The lowest was 1.52. And the median was 2.78.

HKSE:03908's Debt-to-Equity is ranked worse than
91.46% of 609 companies
in the Capital Markets industry
Industry Median: 0.37 vs HKSE:03908: 2.68

China International Capital Debt-to-Equity Historical Data

The historical data trend for China International Capital'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 International Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.12

3.01

3.00

2.79

2.68

China International Capital Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	2.79	2.53	N/A	2.68

Competitive Comparison

For the Capital Markets subindustry, China International Capital'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 International Capital Debt-to-Equity Distribution

For the Capital Markets industry and Financial Services sector, China International Capital's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China International Capital's Debt-to-Equity falls into.

China International Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China International Capital'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
	=	(185840.025	+	120774.367)	/	114412.881
	=	2.68

China International Capital'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
	=	(185840.025	+	120774.367)	/	114412.881
	=	2.68

China International Capital (HKSE:03908) 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 International Capital Debt-to-Equity Related Terms

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China International Capital (HKSE:03908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China International Capital Corp Ltd (HKSE:03908) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CNICF:USA CIM:Germany 601995:China

Address

1 Jianguomenwai Avenue, 27th and 28th Floor, China World Office 2, Chaoyang District, Beijing, CHN, 100004

Website

https://www.cicc.com

China International Capital Corp Ltd is a capital market operations company based in China. Its business is carried through investment banking, equity sales and trading, fixed income commodities and currencies, Asset Management; Wealth management, and private equity segments. The company derives its earnings predominantly from China and the rest from overseas. It generates maximum revenue from Wealth management segment.

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