JiLin JiuTai Rural Commercial Bank (HKSE:06122) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is JiLin JiuTai Rural Commercial Bank Debt-to-Equity?

JiLin JiuTai Rural Commercial Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. JiLin JiuTai Rural Commercial Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$4,012 Mil. JiLin JiuTai Rural Commercial Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$17,618 Mil. JiLin JiuTai Rural Commercial Bank's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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 JiLin JiuTai Rural Commercial Bank's Debt-to-Equity or its related term are showing as below:

HKSE:06122' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.79 Max: 2.31
Current: 0.23

During the past 11 years, the highest Debt-to-Equity Ratio of JiLin JiuTai Rural Commercial Bank was 2.31. The lowest was 0.23. And the median was 0.79.

HKSE:06122's Debt-to-Equity is ranked better than
80.47% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs HKSE:06122: 0.23

JiLin JiuTai Rural Commercial Bank Debt-to-Equity Historical Data

The historical data trend for JiLin JiuTai Rural Commercial Bank'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.

JiLin JiuTai Rural Commercial Bank Debt-to-Equity Chart

JiLin JiuTai Rural Commercial Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.12

0.59

0.47

0.36

0.23

JiLin JiuTai Rural Commercial Bank 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															0.47	0.43	0.36	0.23	0.23

Competitive Comparison of JiLin JiuTai Rural Commercial Bank's Debt-to-Equity

For the Banks - Regional subindustry, JiLin JiuTai Rural Commercial Bank'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.

JiLin JiuTai Rural Commercial Bank's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, JiLin JiuTai Rural Commercial Bank's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where JiLin JiuTai Rural Commercial Bank's Debt-to-Equity falls into.

JiLin JiuTai Rural Commercial Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JiLin JiuTai Rural Commercial Bank'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	+	4011.822)	/	17617.838
	=	0.23

JiLin JiuTai Rural Commercial Bank'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	+	4011.822)	/	17617.838
	=	0.23

JiLin JiuTai Rural Commercial Bank (HKSE:06122) 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.

JiLin JiuTai Rural Commercial Bank Debt-to-Equity Related Terms

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JiLin JiuTai Rural Commercial Bank (HKSE:06122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » JiLin JiuTai Rural Commercial Bank Corp Ltd (HKSE:06122) » Definitions » Debt-to-Equity

Traded in Other Exchanges

2JJ:Germany

Address

No. 2559 Wei Shan Road, High and New Technology Development Zone, Jilin Province, Changchun, CHN

Website

https://www.jtnsh.com

JiLin JiuTai Rural Commercial Bank Corp Ltd is engaged in the provision of banking services. The company's operating segment includes Corporate banking; Retail banking; Treasury operations and Others. The bank offers loan business, deposits, certificates of deposits, and other related services. It generates maximum revenue from the Corporate banking segment. Geographically, the firm operates in Mainland China.

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