China Chunlai Education Group Co (HKSE:01969) Debt-to-Equity : 0.66 (As of Aug. 2023)

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What is China Chunlai Education Group Co Debt-to-Equity?

China Chunlai Education Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was HK$1,554 Mil. China Chunlai Education Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was HK$791 Mil. China Chunlai Education Group Co's Total Stockholders Equity for the quarter that ended in Aug. 2023 was HK$3,537 Mil. China Chunlai Education Group Co's debt to equity for the quarter that ended in Aug. 2023 was 0.66.

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 China Chunlai Education Group Co's Debt-to-Equity or its related term are showing as below:

HKSE:01969' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 1.24 Max: 4.62
Current: 0.66

During the past 9 years, the highest Debt-to-Equity Ratio of China Chunlai Education Group Co was 4.62. The lowest was 0.66. And the median was 1.24.

HKSE:01969's Debt-to-Equity is ranked worse than
62.95% of 224 companies
in the Education industry
Industry Median: 0.345 vs HKSE:01969: 0.66

China Chunlai Education Group Co Debt-to-Equity Historical Data

The historical data trend for China Chunlai Education Group 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.

China Chunlai Education Group Co Debt-to-Equity Chart

China Chunlai Education Group Co Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

Get a 7-Day Free Trial

1.18

1.24

1.15

0.92

0.66

China Chunlai Education Group Co Semi-Annual Data
	Aug15	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial												0.91	0.92	0.68	0.66	N/A

Competitive Comparison of China Chunlai Education Group Co's Debt-to-Equity

For the Education & Training Services subindustry, China Chunlai Education Group 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.

China Chunlai Education Group Co's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Chunlai Education Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Chunlai Education Group Co's Debt-to-Equity falls into.

China Chunlai Education Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Chunlai Education Group Co's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(1554.182	+	790.514)	/	3536.723
	=	0.66

China Chunlai Education Group Co's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(1554.182	+	790.514)	/	3536.723
	=	0.66

China Chunlai Education Group Co (HKSE:01969) 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.

China Chunlai Education Group Co Debt-to-Equity Related Terms

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China Chunlai Education Group Co (HKSE:01969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Chunlai Education Group Co Ltd (HKSE:01969) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 66, Beihai East Road, Henan Province, Shangqiu, CHN, 476000

Website

https://www.chunlaiedu.com

China Chunlai Education Group Co Ltd is an investment holding company. The company through its subsidiaries is engaged in the operation of private higher education institutions. It generates revenue from tuition fees and Boarding fees. Geographically, it derives revenue from China.

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