China Aerospace International Holdings (HKSE:00031) Debt-to-Equity : 0.20 (As of Dec. 2023)

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What is China Aerospace International Holdings Debt-to-Equity?

China Aerospace International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$52 Mil. China Aerospace International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,462 Mil. China Aerospace International Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$7,411 Mil. China Aerospace International Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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

HKSE:00031' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.21 Max: 0.35
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of China Aerospace International Holdings was 0.35. The lowest was 0.18. And the median was 0.21.

HKSE:00031's Debt-to-Equity is ranked better than
60.41% of 2195 companies
in the Hardware industry
Industry Median: 0.29 vs HKSE:00031: 0.20

China Aerospace International Holdings Debt-to-Equity Historical Data

The historical data trend for China Aerospace International Holdings'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 Aerospace International Holdings Debt-to-Equity Chart

China Aerospace International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.21

0.20

0.21

0.20

China Aerospace International Holdings Semi-Annual Data
	Jun14	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															0.20	0.20	0.21	0.20	0.20

Competitive Comparison of China Aerospace International Holdings's Debt-to-Equity

For the Electronic Components subindustry, China Aerospace International Holdings'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 Aerospace International Holdings's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, China Aerospace International Holdings's Debt-to-Equity distribution charts can be found below:

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

China Aerospace International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Aerospace International Holdings'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
	=	(51.68	+	1461.58)	/	7411.477
	=	0.20

China Aerospace International Holdings'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
	=	(51.68	+	1461.58)	/	7411.477
	=	0.20

China Aerospace International Holdings (HKSE:00031) 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 Aerospace International Holdings Debt-to-Equity Related Terms

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

China Aerospace International Holdings (HKSE:00031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Aerospace International Holdings Ltd (HKSE:00031) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CIOC:Germany

Address

18 Tak Fung Street, Hung Hom, Room 1103-1107A, One Harbourfront, Kowloon, Hong Kong, HKG

Website

https://www.casil-group.com

China Aerospace International Holdings Ltd is an investment holding company engaged in the research and development, design, professional production, sales and services of the hi-tech manufacturing business such as plastic products, electronic products, power products and semiconductor products, it is also engaged in the segment like Aerospace Service Property investment. The business operation majorly functions through the region of Hong Kong.

China Aerospace International Holdings (HKSE:00031) Headlines

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