Zonqing Environmental (HKSE:01855) Debt-to-Equity : 1.25 (As of Dec. 2023)

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What is Zonqing Environmental Debt-to-Equity?

Zonqing Environmental's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$797 Mil. Zonqing Environmental's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$89 Mil. Zonqing Environmental's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$711 Mil. Zonqing Environmental's debt to equity for the quarter that ended in Dec. 2023 was 1.25.

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 Zonqing Environmental's Debt-to-Equity or its related term are showing as below:

HKSE:01855' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.87 Med: 1.25 Max: 1.76
Current: 1.25

During the past 7 years, the highest Debt-to-Equity Ratio of Zonqing Environmental was 1.76. The lowest was 0.87. And the median was 1.25.

HKSE:01855's Debt-to-Equity is ranked worse than
82.28% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:01855: 1.25

Zonqing Environmental Debt-to-Equity Historical Data

The historical data trend for Zonqing Environmental'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.

Zonqing Environmental Debt-to-Equity Chart

Zonqing Environmental Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.29

1.01

0.87

1.22

1.25

Zonqing Environmental Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.87	1.08	1.22	1.49	1.25

Competitive Comparison of Zonqing Environmental's Debt-to-Equity

For the Engineering & Construction subindustry, Zonqing Environmental'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.

Zonqing Environmental's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zonqing Environmental's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zonqing Environmental's Debt-to-Equity falls into.

Zonqing Environmental Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zonqing Environmental'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
	=	(796.578	+	88.81)	/	710.513
	=	1.25

Zonqing Environmental'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
	=	(796.578	+	88.81)	/	710.513
	=	1.25

Zonqing Environmental (HKSE:01855) 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.

Zonqing Environmental Debt-to-Equity Related Terms

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Zonqing Environmental (HKSE:01855) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zonqing Environmental Ltd (HKSE:01855) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.5888, Fuzhi Road, 3rd Floor, Zhongqing Building, Jingyue High-tech Industrial Development Zone, Jilin Province, Changchun, CHN

Website

http://www.zonbong.com

Zonqing Environmental Ltd is principally engaged in landscaping, ecological restoration, and other related projects. Its business segments include Landscaping; Ecological restoration; and Others including investigation, survey, design, and technical consultancy for municipal construction projects. A majority of revenue is derived from the Landscaping segment which includes public space landscaping, theme park landscaping, private park landscaping, and maintenance projects. The group's revenue is generated in the PRC.

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