King Stone Energy Group (HKSE:00663) Debt-to-Equity : 0.33 (As of Jun. 2023)

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What is King Stone Energy Group Debt-to-Equity?

King Stone Energy Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$120.5 Mil. King Stone Energy Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$3.2 Mil. King Stone Energy Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$380.7 Mil. King Stone Energy Group's debt to equity for the quarter that ended in Jun. 2023 was 0.33.

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 King Stone Energy Group's Debt-to-Equity or its related term are showing as below:

HKSE:00663' s Debt-to-Equity Range Over the Past 10 Years
Min: -17.34 Med: 0.37 Max: 17.67
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of King Stone Energy Group was 17.67. The lowest was -17.34. And the median was 0.37.

HKSE:00663's Debt-to-Equity is ranked better than
64.54% of 471 companies
in the Conglomerates industry
Industry Median: 0.55 vs HKSE:00663: 0.33

King Stone Energy Group Debt-to-Equity Historical Data

The historical data trend for King Stone Energy Group'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.

King Stone Energy Group Debt-to-Equity Chart

King Stone Energy Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.41

0.59

1.69

1.77

0.30

King Stone Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															1.14	1.77	1.20	0.30	0.33

Competitive Comparison of King Stone Energy Group's Debt-to-Equity

For the Conglomerates subindustry, King Stone Energy Group'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.

King Stone Energy Group's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, King Stone Energy Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where King Stone Energy Group's Debt-to-Equity falls into.

King Stone Energy Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

King Stone Energy Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(120.415	+	4.312)	/	415.952
	=	0.30

King Stone Energy Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(120.529	+	3.246)	/	380.721
	=	0.33

King Stone Energy Group (HKSE:00663) 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.

King Stone Energy Group Debt-to-Equity Related Terms

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King Stone Energy Group (HKSE:00663) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » King Stone Energy Group Ltd (HKSE:00663) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

SZW:Germany

Address

138 Queen’s Road Central, 17th Floor, V Heun Building, Central, Hong Kong, HKG

Website

https://www.663hk.com

King Stone Energy Group Ltd is an Investment Holding company. The company operates through seven segments namely silver mining, Oil and gas, Asset financing, Photovoltaic, Trading, and Tourism. It operates in Mainland China and the United States. The company's majorityt of the revenue comes from Mainland China.

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