Huazhang Technology Holding (HKSE:01673) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Huazhang Technology Holding Debt-to-Equity?

Huazhang Technology Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$84.4 Mil. Huazhang Technology Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.9 Mil. Huazhang Technology Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$372.2 Mil. Huazhang Technology Holding's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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 Huazhang Technology Holding's Debt-to-Equity or its related term are showing as below:

HKSE:01673' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.19 Max: 0.39
Current: 0.23

During the past 12 years, the highest Debt-to-Equity Ratio of Huazhang Technology Holding was 0.39. The lowest was 0.02. And the median was 0.19.

HKSE:01673's Debt-to-Equity is ranked better than
57.06% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs HKSE:01673: 0.23

Huazhang Technology Holding Debt-to-Equity Historical Data

The historical data trend for Huazhang Technology Holding'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.

Huazhang Technology Holding Debt-to-Equity Chart

Huazhang Technology Holding Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.21

0.39

0.22

0.14

0.25

Huazhang Technology Holding 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															0.23	0.14	0.19	0.25	0.23

Competitive Comparison of Huazhang Technology Holding's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Huazhang Technology Holding'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.

Huazhang Technology Holding's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Huazhang Technology Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Huazhang Technology Holding's Debt-to-Equity falls into.

Huazhang Technology Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Huazhang Technology Holding's Debt to Equity Ratio for the fiscal year 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
	=	(92.948	+	3.541)	/	391.688
	=	0.25

Huazhang Technology Holding'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
	=	(84.377	+	0.886)	/	372.24
	=	0.23

Huazhang Technology Holding (HKSE:01673) 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.

Huazhang Technology Holding Debt-to-Equity Related Terms

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Huazhang Technology Holding (HKSE:01673) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huazhang Technology Holding Ltd (HKSE:01673) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 99 Xiangyuan Road, Room 1101, Block 2, Canal Advertising Industry Building, Gongshu District , Zhejiang Province, Hangzhou, CHN

Website

http://www.hzeg.com

Huazhang Technology Holding Ltd is principally engaged in the research, development, manufacture, and sale of paper-making products in the People's Republic of China. The company operates through four segments. Its Industrial products segment includes paper-making-related production machines. The Project contracting services segment is a key revenue driver, which consists of system integration of complete-set paper-making equipment. Its Environmental products segment provides complete treatment for wastewater, sludge, solid waste and others. The company's Supporting services segment relates to the after-sale and maintenance services, the sale of paper-making equipment parts, and other services. It generates maximum revenue from Industrial products segment.

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