Kowloon Development Co (HKSE:00034) Debt-to-Equity : 1.28 (As of Jun. 2023)

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What is Kowloon Development Co Debt-to-Equity?

Kowloon Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$20,157 Mil. Kowloon Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$2,542 Mil. Kowloon Development Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$17,711 Mil. Kowloon Development Co's debt to equity for the quarter that ended in Jun. 2023 was 1.28.

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

HKSE:00034' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 0.65 Max: 1.35
Current: 1.34

During the past 13 years, the highest Debt-to-Equity Ratio of Kowloon Development Co was 1.35. The lowest was 0.51. And the median was 0.65.

HKSE:00034's Debt-to-Equity is ranked worse than
69.61% of 1586 companies
in the Real Estate industry
Industry Median: 0.755 vs HKSE:00034: 1.34

Kowloon Development Co Debt-to-Equity Historical Data

The historical data trend for Kowloon Development 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.

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Kowloon Development Co Debt-to-Equity Chart

Kowloon Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.55

0.72

0.84

1.30

1.34

Kowloon Development Co 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															0.84	1.35	1.30	1.28	1.34

Competitive Comparison of Kowloon Development Co's Debt-to-Equity

For the Real Estate - Development subindustry, Kowloon Development 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.

Kowloon Development Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kowloon Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kowloon Development Co's Debt-to-Equity falls into.

Kowloon Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kowloon Development Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(14533.326	+	9461.934)	/	18425.585
	=	1.30

Kowloon Development Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(20156.839	+	2542.283)	/	17711.382
	=	1.28

Kowloon Development Co (HKSE:00034) 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.

Kowloon Development Co Debt-to-Equity Related Terms

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Kowloon Development Co (HKSE:00034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kowloon Development Co Ltd (HKSE:00034) » Definitions » Debt-to-Equity

Traded in Other Exchanges

KOX:Germany

Address

750 Nathan Road, 23rd Floor, Pioneer Centre, Kowloon, Hong Kong, HKG

Website

https://www.kdc.com.hk

Kowloon Development Co Ltd is an investment holding company. It operates in three segments: Property development, which includes the development and sale of properties and interests in property development; Property investment segment includes leasing of properties to generate rental income and to gain from the appreciation in the properties' values in the long term; and Other businesses segment, which includes the financial investments, the provision of financial services, the provision of property management services and treasury operations. The company generates the majority of its revenue from the sale of properties. Its geographical segments are Hong Kong, which accounts for the majority of revenue; Mainland China; and Others.

Executives

New Explorer Developments Limited	2201 Interest of corporation controlled by you
Or Wai Sheun	2201 Interest of corporation controlled by you

Kowloon Development Co (HKSE:00034) Headlines

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