China Merchants Securities Co (HKSE:06099) Debt-to-Equity : 1.77 (As of Dec. 2023)

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What is China Merchants Securities Co Debt-to-Equity?

China Merchants Securities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. China Merchants Securities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$235,628 Mil. China Merchants Securities Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$133,399 Mil. China Merchants Securities Co's debt to equity for the quarter that ended in Dec. 2023 was 1.77.

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 Merchants Securities Co's Debt-to-Equity or its related term are showing as below:

HKSE:06099' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 1.35 Max: 1.83
Current: 1.77

During the past 13 years, the highest Debt-to-Equity Ratio of China Merchants Securities Co was 1.83. The lowest was 0.77. And the median was 1.35.

HKSE:06099's Debt-to-Equity is ranked worse than
86.18% of 608 companies
in the Capital Markets industry
Industry Median: 0.37 vs HKSE:06099: 1.77

China Merchants Securities Co Debt-to-Equity Historical Data

The historical data trend for China Merchants Securities 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.

China Merchants Securities Co Debt-to-Equity Chart

China Merchants Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.32

1.38

1.67

1.59

1.77

China Merchants Securities Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.59	1.30	1.44	1.39	1.77

Competitive Comparison of China Merchants Securities Co's Debt-to-Equity

For the Capital Markets subindustry, China Merchants Securities 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.

China Merchants Securities Co's Debt-to-Equity Distribution in the Capital Markets Industry

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

* The bar in red indicates where China Merchants Securities Co's Debt-to-Equity falls into.

China Merchants Securities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Merchants Securities 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
	=	(0	+	235627.93)	/	133398.834
	=	1.77

China Merchants Securities 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
	=	(0	+	235627.93)	/	133398.834
	=	1.77

China Merchants Securities Co (HKSE:06099) 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 Merchants Securities Co Debt-to-Equity Related Terms

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

China Merchants Securities Co (HKSE:06099) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China Merchants Securities Co Ltd (HKSE:06099) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

195H:Germany 600999:China

Address

No. 111, 1st Fuhua Road, Futian District, Guangdong, Shenzhen, CHN, 518046

Website

https://www.cmschina.com

China Merchants Securities Co Ltd is a financial service provider. Its business is divided into four segments: Wealth management and institutional business; Investment banking; Investment management; and Investment and trading. The Wealth management and institutional business include brokerage and wealth management, capital-based intermediary business, and institutional client integrated services. Investment banking business includes equity underwriting, debt underwriting, and financial advisory businesses. The Investment management business engages in securities asset management and private equity investment fund business. Investment and trading business includes the investment and trading of equity and fixed-income products and other financial products.

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