Hengtai Securities Co (HKSE:01476) Debt-to-Equity : 1.00 (As of Dec. 2023)

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What is Hengtai Securities Co Debt-to-Equity?

Hengtai Securities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5,067 Mil. Hengtai Securities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,777 Mil. Hengtai Securities Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$8,809 Mil. Hengtai Securities Co's debt to equity for the quarter that ended in Dec. 2023 was 1.00.

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 Hengtai Securities Co's Debt-to-Equity or its related term are showing as below:

HKSE:01476' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 1.06 Max: 1.22
Current: 1

During the past 10 years, the highest Debt-to-Equity Ratio of Hengtai Securities Co was 1.22. The lowest was 0.63. And the median was 1.06.

HKSE:01476's Debt-to-Equity is ranked worse than
73.48% of 607 companies
in the Capital Markets industry
Industry Median: 0.37 vs HKSE:01476: 1.00

Hengtai Securities Co Debt-to-Equity Historical Data

The historical data trend for Hengtai Securities 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.

Hengtai Securities Co Debt-to-Equity Chart

Hengtai Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.63

1.09

1.17

1.04

1.00

Hengtai Securities Co Semi-Annual Data
	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														1.17	1.17	1.04	1.04	1.00

Competitive Comparison of Hengtai Securities Co's Debt-to-Equity

For the Capital Markets subindustry, Hengtai Securities 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.

Hengtai Securities Co's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hengtai Securities Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hengtai Securities Co's Debt-to-Equity falls into.

Hengtai Securities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hengtai Securities 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
	=	(5067.141	+	3776.957)	/	8808.655
	=	1.00

Hengtai Securities 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
	=	(5067.141	+	3776.957)	/	8808.655
	=	1.00

Hengtai Securities Co (HKSE:01476) 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.

Hengtai Securities Co Debt-to-Equity Related Terms

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

Hengtai Securities Co (HKSE:01476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hengtai Securities Co Ltd (HKSE:01476) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17 Finance Street, 11th Floor, China Life Centre, Xicheng District, Beijing, CHN, 100033

Website

https://www.cnht.com.cn

Hengtai Securities Co Ltd offers financial products and services to individuals, corporations, financial institutions, and government entities. The company's operating segment includes Brokerage and wealth management; Investment banking; Proprietary trading; Investment management and Others. It generates maximum revenue from the Brokerage and wealth management segment. Brokerage and wealth management segment engaged in the trading of stocks, funds, bonds and futures on behalf of the clients, and also providing investment and financing solutions to high end, professional and institutional clients. In addition, the sale of financial products, margin financing, and securities lending.

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