China Galaxy Securities Co (HKSE:06881) Debt-to-Equity : 0.88 (As of Mar. 2024)

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What is China Galaxy Securities Co Debt-to-Equity?

China Galaxy Securities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$0 Mil. China Galaxy Securities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$126,925 Mil. China Galaxy Securities Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was HK$144,484 Mil. China Galaxy Securities Co's debt to equity for the quarter that ended in Mar. 2024 was 0.88.

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 Galaxy Securities Co's Debt-to-Equity or its related term are showing as below:

HKSE:06881' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 1.24 Max: 1.8
Current: 0.88

During the past 13 years, the highest Debt-to-Equity Ratio of China Galaxy Securities Co was 1.80. The lowest was 0.23. And the median was 1.24.

HKSE:06881's Debt-to-Equity is ranked worse than
69.95% of 609 companies
in the Capital Markets industry
Industry Median: 0.37 vs HKSE:06881: 0.88

China Galaxy Securities Co Debt-to-Equity Historical Data

The historical data trend for China Galaxy Securities 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 Galaxy Securities Co Debt-to-Equity Chart

China Galaxy Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.37

1.70

1.43

1.50

1.12

China Galaxy Securities Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.02	0.96	1.12	0.88

Competitive Comparison of China Galaxy Securities Co's Debt-to-Equity

For the Capital Markets subindustry, China Galaxy Securities 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 Galaxy Securities Co's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, China Galaxy Securities Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Galaxy Securities Co's Debt-to-Equity falls into.

China Galaxy Securities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Galaxy Securities 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	+	159263.525)	/	142701.351
	=	1.12

China Galaxy Securities Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	126925.237)	/	144484.094
	=	0.88

China Galaxy Securities Co (HKSE:06881) 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 Galaxy Securities Co Debt-to-Equity Related Terms

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

China Galaxy Securities Co (HKSE:06881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China Galaxy Securities Co Ltd (HKSE:06881) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CGXYY:USA CGL:Germany 601881:China

Address

No. 8 Xiying Street, Qinghai Finance Building, Building No. 1, Fengtai District, Beijing, CHN, 100073

Website

https://www.chinastock.com.cn

China Galaxy Securities Co Ltd is an investment holding company. The company's segments include Securities brokerage; Futures business; Proprietary trading and other securities trading services; Investment banking; Asset management; Private equity and alternative investment; Overseas business and others. It generates maximum revenue from the Futures business segment. The Futures business segment engages in futures dealing and broking, futures information consulting and training.

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