China In-Tech (HKSE:00464) Debt-to-Equity : 0.54 (As of Sep. 2023)

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What is China In-Tech Debt-to-Equity?

China In-Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$22.9 Mil. China In-Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.1 Mil. China In-Tech's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$44.2 Mil. China In-Tech's debt to equity for the quarter that ended in Sep. 2023 was 0.54.

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 In-Tech's Debt-to-Equity or its related term are showing as below:

HKSE:00464' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.49 Max: 1.2
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of China In-Tech was 1.20. The lowest was 0.12. And the median was 0.49.

HKSE:00464's Debt-to-Equity is ranked worse than
57.4% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs HKSE:00464: 0.54

China In-Tech Debt-to-Equity Historical Data

The historical data trend for China In-Tech'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.

China In-Tech Debt-to-Equity Chart

China In-Tech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.85

1.11

1.03

0.52

0.58

China In-Tech 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															1.20	0.52	0.58	0.58	0.54

Competitive Comparison of China In-Tech's Debt-to-Equity

For the Household & Personal Products subindustry, China In-Tech'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 In-Tech's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China In-Tech's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China In-Tech's Debt-to-Equity falls into.

China In-Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China In-Tech'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
	=	(12.361	+	2.713)	/	25.984
	=	0.58

China In-Tech'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
	=	(22.948	+	1.06)	/	44.18
	=	0.54

China In-Tech (HKSE:00464) 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 In-Tech Debt-to-Equity Related Terms

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

China In-Tech (HKSE:00464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China In-Tech Ltd (HKSE:00464) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Queen’s Road Central, New World Tower 1, Unit 2302, 23rd Floor, Central, Hong Kong, HKG

Website

http://www.co-nuoxin.com

China In-Tech Ltd Formerly China Overseas Nuoxin International Holdings Ltd engages in the design, manufacture, and sale of electrical haircare and healthcare products. Its product portfolio includes Hair dryer, Straightener, Curling tong, Hot air styler, Mini vac cleaner, Facial sauna, Electric massager, Derma cleanser, and other small household electrical appliances. The firm also engages in the design, manufacture, and sale of motors; and the provision of contract processing services. The group's revenue is mainly derived from customers located in Europe, Asia, North and South America, Australia, and Africa, of which a majority of revenue is derived from Europe.

Executives

China Yuen Capital Limited	2101 Beneficial owner
Li Yuelan	2201 Interest of corporation controlled by you
Liu Xuezhong	2201 Interest of corporation controlled by you
Luckever Holdings Limited	2201 Interest of corporation controlled by you
Donghai International Financial Holdings Company Limited	2106 Person having a security interest in shares
Feng Xinhe	2101 Beneficial owner
Dong Hai Zheng Quan Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
Te Shu Ji Yu Si Mu Tou Zi Ji Jin Hao

China In-Tech (HKSE:00464) Headlines

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