ITC Properties Group (HKSE:00199) Debt-to-Equity : 0.39 (As of Sep. 2023)

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What is ITC Properties Group Debt-to-Equity?

ITC Properties Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$988.0 Mil. ITC Properties Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$326.0 Mil. ITC Properties Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$3,394.8 Mil. ITC Properties Group's debt to equity for the quarter that ended in Sep. 2023 was 0.39.

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 ITC Properties Group's Debt-to-Equity or its related term are showing as below:

HKSE:00199' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.46 Max: 0.81
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of ITC Properties Group was 0.81. The lowest was 0.12. And the median was 0.46.

HKSE:00199's Debt-to-Equity is ranked better than
55.64% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:00199: 0.39

ITC Properties Group Debt-to-Equity Historical Data

The historical data trend for ITC Properties Group'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.

ITC Properties Group Debt-to-Equity Chart

ITC Properties Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.57

0.81

0.77

0.36

0.40

ITC Properties Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.72	0.36	0.37	0.40	0.39

Competitive Comparison of ITC Properties Group's Debt-to-Equity

For the Lodging subindustry, ITC Properties Group'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.

ITC Properties Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ITC Properties Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ITC Properties Group's Debt-to-Equity falls into.

ITC Properties Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ITC Properties Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1031.803	+	405.773)	/	3608.359
	=	0.40

ITC Properties Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(987.995	+	325.983)	/	3394.849
	=	0.39

ITC Properties Group (HKSE:00199) 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.

ITC Properties Group Debt-to-Equity Related Terms

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

ITC Properties Group (HKSE:00199) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ITC Properties Group Ltd (HKSE:00199) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Harcourt Road, 30th Floor, Bank of America Tower, Central, Hong Kong, HKG

Website

http://www.itcproperties.com

ITC Properties Group Ltd is an investment holding company principally engaged in the development, selling of, and investment in properties. Its operating segment includes Property; Hotel and leisure; Securities investments and Finance. It generates maximum revenue from the Property segment which includes the development, selling, and investment in properties. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in Other Countries.

ITC Properties Group (HKSE:00199) Headlines

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