Canggang Railway (HKSE:02169) Debt-to-Equity : 0.66 (As of Dec. 2023)

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What is Canggang Railway Debt-to-Equity?

Canggang Railway's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$221.0 Mil. Canggang Railway's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$317.9 Mil. Canggang Railway's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$815.9 Mil. Canggang Railway's debt to equity for the quarter that ended in Dec. 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 Canggang Railway's Debt-to-Equity or its related term are showing as below:

HKSE:02169' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.6 Max: 1.14
Current: 0.66

During the past 7 years, the highest Debt-to-Equity Ratio of Canggang Railway was 1.14. The lowest was 0.48. And the median was 0.60.

HKSE:02169's Debt-to-Equity is ranked worse than
55.78% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs HKSE:02169: 0.66

Canggang Railway Debt-to-Equity Historical Data

The historical data trend for Canggang Railway'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.

Canggang Railway Debt-to-Equity Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.14

0.62

0.48

0.60

0.66

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.48	0.62	0.60	0.67	0.66

Competitive Comparison of Canggang Railway's Debt-to-Equity

For the Railroads subindustry, Canggang Railway'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.

Canggang Railway's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canggang Railway's Debt-to-Equity distribution charts can be found below:

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

Canggang Railway Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canggang Railway'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
	=	(221.023	+	317.943)	/	815.905
	=	0.66

Canggang Railway'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
	=	(221.023	+	317.943)	/	815.905
	=	0.66

Canggang Railway (HKSE:02169) 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.

Canggang Railway Debt-to-Equity Related Terms

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Canggang Railway (HKSE:02169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Canggang Railway (HKSE:02169) Headlines

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