Bank of Jiujiang Co (HKSE:06190) Debt-to-Equity : 0.93 (As of Dec. 2023)

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What is Bank of Jiujiang Co Debt-to-Equity?

Bank of Jiujiang Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. Bank of Jiujiang Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$41,004 Mil. Bank of Jiujiang Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$43,922 Mil. Bank of Jiujiang Co's debt to equity for the quarter that ended in Dec. 2023 was 0.93.

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 Bank of Jiujiang Co's Debt-to-Equity or its related term are showing as below:

HKSE:06190' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.82 Med: 1.04 Max: 2.35
Current: 0.93

During the past 9 years, the highest Debt-to-Equity Ratio of Bank of Jiujiang Co was 2.35. The lowest was 0.82. And the median was 1.04.

HKSE:06190's Debt-to-Equity is ranked worse than
62.34% of 1394 companies
in the Banks industry
Industry Median: 0.66 vs HKSE:06190: 0.93

Bank of Jiujiang Co Debt-to-Equity Historical Data

The historical data trend for Bank of Jiujiang 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.

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Bank of Jiujiang Co Debt-to-Equity Chart

Bank of Jiujiang Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.02

1.04

0.92

0.82

0.93

Bank of Jiujiang Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.92	0.80	0.82	0.72	0.93

Competitive Comparison of Bank of Jiujiang Co's Debt-to-Equity

For the Banks - Regional subindustry, Bank of Jiujiang 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.

Bank of Jiujiang Co's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Jiujiang Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Bank of Jiujiang Co's Debt-to-Equity falls into.

Bank of Jiujiang Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bank of Jiujiang 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
	=	(0	+	41003.798)	/	43922.309
	=	0.93

Bank of Jiujiang 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
	=	(0	+	41003.798)	/	43922.309
	=	0.93

Bank of Jiujiang Co (HKSE:06190) 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.

Bank of Jiujiang Co Debt-to-Equity Related Terms

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Bank of Jiujiang Co (HKSE:06190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Jiujiang Co Ltd (HKSE:06190) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 619 Changhong Avenue, Lianxi District, Jiangxi Province, Jiujiang, CHN, 332000

Website

https://www.jjccb.com

Bank of Jiujiang Co Ltd is a regional commercial bank dedicated to providing a full range of financial services to small and micro enterprises, individual operators and mass customers. It provides convenient 24-hour online services to customers through electronic banking channels such as online banking, telephone banking, mobile banking, self-service banking and WeChat banking. Its offerings include corporate loans, working capital loans, fixed asset loans, trade finance, demand deposits, time deposits, margin deposits, settlement services and letters of guarantee services. The operating business segments are Corporate banking business, Retail banking business, and Financial market business. The maximum revenue of the company is derived from the Corporate banking business.

Bank of Jiujiang Co (HKSE:06190) Headlines

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