Kwoon Chung Bus Holdings (HKSE:00306) Debt-to-Equity : 0.89 (As of Sep. 2023)

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What is Kwoon Chung Bus Holdings Debt-to-Equity?

Kwoon Chung Bus Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1,568 Mil. Kwoon Chung Bus Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$130 Mil. Kwoon Chung Bus Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$1,901 Mil. Kwoon Chung Bus Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.89.

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 Kwoon Chung Bus Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00306' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.89 Max: 0.96
Current: 0.89

During the past 13 years, the highest Debt-to-Equity Ratio of Kwoon Chung Bus Holdings was 0.96. The lowest was 0.48. And the median was 0.89.

HKSE:00306's Debt-to-Equity is ranked worse than
64.97% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs HKSE:00306: 0.89

Kwoon Chung Bus Holdings Debt-to-Equity Historical Data

The historical data trend for Kwoon Chung Bus 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.

Kwoon Chung Bus Holdings Debt-to-Equity Chart

Kwoon Chung Bus Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.92

0.89

0.95

Kwoon Chung Bus Holdings 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															0.95	0.95	0.95	0.95	0.89

Competitive Comparison of Kwoon Chung Bus Holdings's Debt-to-Equity

For the Railroads subindustry, Kwoon Chung Bus 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.

Kwoon Chung Bus Holdings's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kwoon Chung Bus Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kwoon Chung Bus Holdings's Debt-to-Equity falls into.

Kwoon Chung Bus Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kwoon Chung Bus Holdings'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
	=	(341.771	+	1473.615)	/	1911.824
	=	0.95

Kwoon Chung Bus Holdings'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
	=	(1567.847	+	130.289)	/	1900.625
	=	0.89

Kwoon Chung Bus Holdings (HKSE:00306) 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.

Kwoon Chung Bus Holdings Debt-to-Equity Related Terms

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Kwoon Chung Bus Holdings (HKSE:00306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kwoon Chung Bus Holdings Ltd (HKSE:00306) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Chong Fu Road, 3rd Floor, Chai Wan, Hong Kong, HKG

Website

https://www.kcbh.com.hk

Kwoon Chung Bus Holdings Ltd is engaged in transportation businesses. The company's operating segment includes a Non-franchised Bus; Limousine; Franchised Bus and PLB; Mainland China Business and Others. It generates maximum revenue from the Non-franchised bus segment. The Non-franchised bus segment includes the provision of non-franchised bus hire services in Hong Kong, cross-boundary passenger transportation services (other than limousine hire services) between Hong Kong and Mainland China, and other related services.

Kwoon Chung Bus Holdings (HKSE:00306) Headlines

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