China Best Group Holding (HKSE:00370) Debt-to-Equity : 0.37 (As of Sep. 2023)

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What is China Best Group Holding Debt-to-Equity?

China Best Group Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$316.0 Mil. China Best Group Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$7.0 Mil. China Best Group Holding's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$870.9 Mil. China Best Group Holding's debt to equity for the quarter that ended in Sep. 2023 was 0.37.

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

HKSE:00370' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.19 Max: 0.4
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of China Best Group Holding was 0.40. The lowest was 0.02. And the median was 0.19.

HKSE:00370's Debt-to-Equity is ranked better than
64.77% of 1002 companies
in the Retail - Cyclical industry
Industry Median: 0.63 vs HKSE:00370: 0.37

China Best Group Holding Debt-to-Equity Historical Data

The historical data trend for China Best Group Holding'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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China Best Group Holding Debt-to-Equity Chart

China Best Group Holding Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Debt-to-Equity

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0.03

0.32

0.40

China Best Group Holding Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.32	0.32	0.40	0.37

Competitive Comparison of China Best Group Holding's Debt-to-Equity

For the Specialty Retail subindustry, China Best Group Holding'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 Best Group Holding's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Best Group Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Best Group Holding's Debt-to-Equity falls into.

China Best Group Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Best Group Holding'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
	=	(332.357	+	0.343)	/	841.327
	=	0.40

China Best Group Holding'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
	=	(316.021	+	7.003)	/	870.926
	=	0.37

China Best Group Holding (HKSE:00370) 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 Best Group Holding Debt-to-Equity Related Terms

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

China Best Group Holding (HKSE:00370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Best Group Holding Ltd (HKSE:00370) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EFO3:Germany

Address

The Gateway, Harbour City, Suite 1901-2 & 14, 19th Floor, Tower 6, Kowloon, Hong Kong, HKG

Website

http://www.cbgroup.com.hk

China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.

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