Country Garden Services Holdings Co (HKSE:06098) Debt-to-Equity : 0.09 (As of Dec. 2023)

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What is Country Garden Services Holdings Co Debt-to-Equity?

Country Garden Services Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$977 Mil. Country Garden Services Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,400 Mil. Country Garden Services Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$39,547 Mil. Country Garden Services Holdings Co's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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 Country Garden Services Holdings Co's Debt-to-Equity or its related term are showing as below:

HKSE:06098' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: 0.27
Current: 0.09

During the past 9 years, the highest Debt-to-Equity Ratio of Country Garden Services Holdings Co was 0.27. The lowest was 0.01. And the median was 0.12.

HKSE:06098's Debt-to-Equity is ranked better than
87.89% of 1585 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:06098: 0.09

Country Garden Services Holdings Co Debt-to-Equity Historical Data

The historical data trend for Country Garden Services Holdings Co'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.

Country Garden Services Holdings Co Debt-to-Equity Chart

Country Garden Services Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.27

0.18

0.12

0.09

Country Garden Services Holdings Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.18	0.09	0.12	0.11	0.09

Competitive Comparison of Country Garden Services Holdings Co's Debt-to-Equity

For the Real Estate Services subindustry, Country Garden Services Holdings Co'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.

Country Garden Services Holdings Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Country Garden Services Holdings Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Country Garden Services Holdings Co's Debt-to-Equity falls into.

Country Garden Services Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Country Garden Services Holdings Co'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
	=	(976.798	+	2399.946)	/	39546.53
	=	0.09

Country Garden Services Holdings Co'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
	=	(976.798	+	2399.946)	/	39546.53
	=	0.09

Country Garden Services Holdings Co (HKSE:06098) 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.

Country Garden Services Holdings Co Debt-to-Equity Related Terms

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

Country Garden Services Holdings Co (HKSE:06098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Garden Services Holdings Co Ltd (HKSE:06098) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CGSHY:USA CTRGF:USA 75H:Germany

Address

West Building of Country Garden Office, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312

Website

http://www.bgyfw.com

Country Garden Services was listed on the Hong Kong Stock Exchange in June 2018 as a spinoff via introduction by sister developer Country Garden Holdings. As of June 2022, Yang Huiyan, chairperson of CGH, was also the largest shareholder of CGS with 43% ownership. CGS was the top residential property management firm in China in revenue and gross floor area under management for 2022. This is mainly ascribed to scalable projects contributed by CGH and rising acquisitions of third-party property management peers. In addition, CGS provides value-added services to developers and homeowners, and city services on public space sanitation and greening.

Country Garden Services Holdings Co (HKSE:06098) Headlines

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