Luzhou Xinglu Water (Group) Co (HKSE:02281) Debt-to-Equity : 0.75 (As of Dec. 2023)

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What is Luzhou Xinglu Water (Group) Co Debt-to-Equity?

Luzhou Xinglu Water (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$688 Mil. Luzhou Xinglu Water (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,603 Mil. Luzhou Xinglu Water (Group) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,061 Mil. Luzhou Xinglu Water (Group) Co's debt to equity for the quarter that ended in Dec. 2023 was 0.75.

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 Luzhou Xinglu Water (Group) Co's Debt-to-Equity or its related term are showing as below:

HKSE:02281' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.65 Max: 1.05
Current: 0.75

During the past 11 years, the highest Debt-to-Equity Ratio of Luzhou Xinglu Water (Group) Co was 1.05. The lowest was 0.34. And the median was 0.65.

HKSE:02281's Debt-to-Equity is ranked better than
54.93% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs HKSE:02281: 0.75

Luzhou Xinglu Water (Group) Co Debt-to-Equity Historical Data

The historical data trend for Luzhou Xinglu Water (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.

Luzhou Xinglu Water (Group) Co Debt-to-Equity Chart

Luzhou Xinglu Water (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.05

0.88

0.66

0.91

0.75

Luzhou Xinglu Water (Group) Co Semi-Annual Data
	Dec13	Dec14	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														0.66	0.83	0.91	0.86	0.75

Competitive Comparison of Luzhou Xinglu Water (Group) Co's Debt-to-Equity

For the Utilities - Regulated Water subindustry, Luzhou Xinglu Water (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.

Luzhou Xinglu Water (Group) Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Luzhou Xinglu Water (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Luzhou Xinglu Water (Group) Co's Debt-to-Equity falls into.

Luzhou Xinglu Water (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Luzhou Xinglu Water (Group) Co'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
	=	(687.845	+	1602.719)	/	3060.994
	=	0.75

Luzhou Xinglu Water (Group) Co'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
	=	(687.845	+	1602.719)	/	3060.994
	=	0.75

Luzhou Xinglu Water (Group) Co (HKSE:02281) 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.

Luzhou Xinglu Water (Group) Co Debt-to-Equity Related Terms

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Luzhou Xinglu Water (Group) Co (HKSE:02281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Luzhou Xinglu Water (Group) Co Ltd (HKSE:02281) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Baizi Road, Jiangyang District, Sichuan Province, Luzhou, CHN

Website

http://www.lzss.com

Luzhou Xinglu Water (Group) Co Ltd is a China-based company engages in the provision of integrated municipal water-related public utility services. The company is engaged in the provision of tap water supply and related installation and maintenance service, wastewater treatment service and construction service. It operates through two main segments the Tap Water Supply and Wastewater Treatment segments. The company derives maximum revenue from Tap Water Supply segment. Geographically, it operates in People's Republic of China.

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