CHTC Fong's International Co (HKSE:00641) Debt-to-Equity : 1.13 (As of Dec. 2023)

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What is CHTC Fong's International Co Debt-to-Equity?

CHTC Fong's International Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,256 Mil. CHTC Fong's International Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$86 Mil. CHTC Fong's International Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,184 Mil. CHTC Fong's International Co's debt to equity for the quarter that ended in Dec. 2023 was 1.13.

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 CHTC Fong's International Co's Debt-to-Equity or its related term are showing as below:

HKSE:00641' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 0.93 Max: 1.24
Current: 1.13

During the past 13 years, the highest Debt-to-Equity Ratio of CHTC Fong's International Co was 1.24. The lowest was 0.61. And the median was 0.93.

HKSE:00641's Debt-to-Equity is ranked worse than
89.08% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs HKSE:00641: 1.13

CHTC Fong's International Co Debt-to-Equity Historical Data

The historical data trend for CHTC Fong's International Co'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.

CHTC Fong's International Co Debt-to-Equity Chart

CHTC Fong's International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.24

0.99

0.61

1.01

1.13

CHTC Fong's International Co 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															0.61	0.91	1.01	1.03	1.13

Competitive Comparison of CHTC Fong's International Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, CHTC Fong's International Co'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.

CHTC Fong's International Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CHTC Fong's International Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CHTC Fong's International Co's Debt-to-Equity falls into.

CHTC Fong's International Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CHTC Fong's International Co'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
	=	(1256.224	+	85.978)	/	1184.173
	=	1.13

CHTC Fong's International Co'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
	=	(1256.224	+	85.978)	/	1184.173
	=	1.13

CHTC Fong's International Co (HKSE:00641) 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.

CHTC Fong's International Co Debt-to-Equity Related Terms

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CHTC Fong's International Co (HKSE:00641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CHTC Fong's International Co Ltd (HKSE:00641) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Kwai Cheong Road, Level 13, Tower 2, Kowloon Commerce Centre, Kwai Chung, Hong Kong, HKG

Website

https://www.fongs.com

CHTC Fong's International Co Ltd is engaged in manufacturing machines, equipment, and other related parts. The group through its subsidiaries operates in three reportable segments which include manufacturing and sale of dyeing and finishing machines, trading of stainless steel supplies and Manufacture and sale of stainless steel casting products. Its business activity functions through various geographical regions which include China, Hong Kong, the Asia-Pacific, Europe, North America, South America, and others. While the majority of the company revenues for Fong's Industries are derived through the dyeing and finishing machines segment.

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