China Apex Group (HKSE:02011) Debt-to-Equity : 0.58 (As of Dec. 2023)

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What is China Apex Group Debt-to-Equity?

China Apex Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$15.6 Mil. China Apex Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$56.5 Mil. China Apex Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$123.4 Mil. China Apex Group's debt to equity for the quarter that ended in Dec. 2023 was 0.58.

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

HKSE:02011' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.25 Max: 0.58
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of China Apex Group was 0.58. The lowest was 0.05. And the median was 0.25.

HKSE:02011's Debt-to-Equity is ranked worse than
57.95% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:02011: 0.58

China Apex Group Debt-to-Equity Historical Data

The historical data trend for China Apex 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.

China Apex Group Debt-to-Equity Chart

China Apex Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.25

0.42

0.36

0.23

0.58

China Apex Group 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															0.36	0.40	0.23	0.17	0.58

Competitive Comparison of China Apex Group's Debt-to-Equity

For the Apparel Manufacturing subindustry, China Apex 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.

China Apex Group's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Apex Group's Debt-to-Equity distribution charts can be found below:

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

China Apex Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Apex Group'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
	=	(15.556	+	56.453)	/	123.378
	=	0.58

China Apex Group'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
	=	(15.556	+	56.453)	/	123.378
	=	0.58

China Apex Group (HKSE:02011) 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 Apex Group Debt-to-Equity Related Terms

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

China Apex Group (HKSE:02011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Apex Group Ltd (HKSE:02011) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nine Queen’s Road Central, Suite 10A and 10B, 15th Floor, Central, Hong Kong, HKG

Website

https://www.irasia.com/listco/hk/chinaapex/index.h

China Apex Group Ltd is an investment holding company. The principal activities of the company consist of designing, manufacturing, and sale of Finished zippers and sliders, and other products. The company's segment consists of Zippers (Mainland China); and Zippers (Overseas). The majority of the revenue is derived from the Zippers (Mainland China) segment that manufactures zippers products and mainly sells to customers in Mainland China. Its activities are mainly carried out in Guangdong, Zhejiang, and Jingmen.

Executives

China Sun Corporation	2101 Beneficial owner
Qiu Chuanzhi	2201 Interest of corporation controlled by you
Central Eagle Limited	2101 Beneficial owner
Wu Jingming	2201 Interest of corporation controlled by you
Chan Ho Yin	2501 Other
Li Kin Long Kenny	2501 Other
Yip Siu Lun Dave	2101 Beneficial owner
Golden Diamond Inc.	2101 Beneficial owner
Lin Ping	2201 Interest of corporation controlled by you
Mak Yung Pan Andrew	2201 Interest of corporation controlled by you
Zhuang Weidong	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Farco Holdings Limited	2101 Beneficial owner
Qi Wei	2201 Interest of corporation controlled by you

China Apex Group (HKSE:02011) Headlines

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