Joy City Property (HKSE:00207) Debt-to-Equity : 1.25 (As of Dec. 2023)

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What is Joy City Property Debt-to-Equity?

Joy City Property's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10,538 Mil. Joy City Property's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$38,049 Mil. Joy City Property's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$38,849 Mil. Joy City Property's debt to equity for the quarter that ended in Dec. 2023 was 1.25.

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 Joy City Property's Debt-to-Equity or its related term are showing as below:

HKSE:00207' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 0.96 Max: 1.25
Current: 1.25

During the past 13 years, the highest Debt-to-Equity Ratio of Joy City Property was 1.25. The lowest was 0.72. And the median was 0.96.

HKSE:00207's Debt-to-Equity is ranked worse than
67.65% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:00207: 1.25

Joy City Property Debt-to-Equity Historical Data

The historical data trend for Joy City Property'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.

Joy City Property Debt-to-Equity Chart

Joy City Property Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.95

0.96

1.03

1.24

1.25

Joy City Property 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															1.03	1.08	1.24	1.21	1.25

Competitive Comparison of Joy City Property's Debt-to-Equity

For the Real Estate - Diversified subindustry, Joy City Property'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.

Joy City Property's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Joy City Property's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Joy City Property's Debt-to-Equity falls into.

Joy City Property Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Joy City Property'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
	=	(10537.834	+	38048.668)	/	38848.538
	=	1.25

Joy City Property'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
	=	(10537.834	+	38048.668)	/	38848.538
	=	1.25

Joy City Property (HKSE:00207) 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.

Joy City Property Debt-to-Equity Related Terms

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

Joy City Property (HKSE:00207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Joy City Property Ltd (HKSE:00207) » Definitions » Debt-to-Equity

Traded in Other Exchanges

HKP:Germany

Address

262 Gloucester Road, 33rd Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.joy-cityproperty.com

Joy City Property Ltd is a large-scale commercial property developer and operator, working on the development, operation, sales, leasing and management of mixed-use complexes and other commercial properties such as shopping centers, hotels, offices, serviced apartments and resort and tourist properties in China. Rental income accounts for majority of the operating profit. The company's portfolio consists of various retail malls under the flagship brand of Joy City, and some office and hotel assets. Recently, it introduced a second brand called Joy Breeze, consisting of smaller retail assets. The businesses of the Group are divided into four areas, namely investment properties, property development, hotel operations and output management and other services.

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