Central Development Holdings (HKSE:00475) Debt-to-Equity : 9.99 (As of Sep. 2023)

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What is Central Development Holdings Debt-to-Equity?

Central Development Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$3.5 Mil. Central Development Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$155.6 Mil. Central Development Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$15.9 Mil. Central Development Holdings's debt to equity for the quarter that ended in Sep. 2023 was 9.99.

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 Central Development Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00475' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.66 Med: 4.98 Max: 9.99
Current: 9.99

During the past 13 years, the highest Debt-to-Equity Ratio of Central Development Holdings was 9.99. The lowest was 2.66. And the median was 4.98.

HKSE:00475's Debt-to-Equity is ranked worse than
98.92% of 831 companies
in the Oil & Gas industry
Industry Median: 0.45 vs HKSE:00475: 9.99

Central Development Holdings Debt-to-Equity Historical Data

The historical data trend for Central Development 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.

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Central Development Holdings Debt-to-Equity Chart

Central Development Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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4.13

3.83

6.18

5.02

Central Development 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															4.95	6.18	5.46	5.02	9.99

Competitive Comparison of Central Development Holdings's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Central Development 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.

Central Development Holdings's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Central Development Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Central Development Holdings's Debt-to-Equity falls into.

Central Development Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Central Development 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
	=	(2.919	+	146.876)	/	29.86
	=	5.02

Central Development 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
	=	(3.516	+	155.609)	/	15.933
	=	9.99

Central Development Holdings (HKSE:00475) 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.

Central Development Holdings Debt-to-Equity Related Terms

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Central Development Holdings (HKSE:00475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Central Development Holdings Ltd (HKSE:00475) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, Room 2202, 22nd Floor, Wanchai, Chinachem Century Tower, Hong Kong, HKG

Website

http://www.475hk.com

Central Development Holdings Ltd is principally engaged in the Jewelry business and Solar energy business segments. The Jewelry business segment involves the wholesale of jewelry. Its Solar Energy business segment includes manufacturing and sales of solar cooling intelligent technology products using thermal cooling-stored pipes and sales of solar photovoltaic modules and components and provision of energy efficiency analysis and technology improvement advisory services on solar energy projects. The company generates maximum revenue from Liquefied natural gas (LNG) geographically, it derives a majority of its revenue from PRC.

Executives

Zhang Bing
Hu Yangjun	2101 Beneficial owner
Zhang Qi	2202 Interest of your spouse
Zhang Bing	2101 Beneficial owner
Resources Rich Capital Limited
Hu Yishi
Lin Min,mindy

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