China Brilliant Global (HKSE:08026) Debt-to-Equity : -36.52 (As of Sep. 2023)

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What is China Brilliant Global Debt-to-Equity?

China Brilliant Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$20.19 Mil. China Brilliant Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$58.15 Mil. China Brilliant Global's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$-2.15 Mil. China Brilliant Global's debt to equity for the quarter that ended in Sep. 2023 was -36.52.

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 Brilliant Global's Debt-to-Equity or its related term are showing as below:

HKSE:08026' s Debt-to-Equity Range Over the Past 10 Years
Min: -36.52 Med: 0.07 Max: 3.24
Current: -36.52

During the past 13 years, the highest Debt-to-Equity Ratio of China Brilliant Global was 3.24. The lowest was -36.52. And the median was 0.07.

HKSE:08026's Debt-to-Equity is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.62 vs HKSE:08026: -36.52

China Brilliant Global Debt-to-Equity Historical Data

The historical data trend for China Brilliant Global'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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China Brilliant Global Debt-to-Equity Chart

China Brilliant Global Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.07

1.23

2.99

3.24

China Brilliant Global Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.50	N/A	3.24	N/A	-36.52

Competitive Comparison of China Brilliant Global's Debt-to-Equity

For the Luxury Goods subindustry, China Brilliant Global'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 Brilliant Global's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Brilliant Global's Debt-to-Equity distribution charts can be found below:

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

China Brilliant Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Brilliant Global's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1.032	+	58.214)	/	18.279
	=	3.24

China Brilliant Global's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(20.191	+	58.149)	/	-2.145
	=	-36.52

China Brilliant Global (HKSE:08026) 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 Brilliant Global Debt-to-Equity Related Terms

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China Brilliant Global (HKSE:08026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Brilliant Global Ltd (HKSE:08026) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

9 Des Voeux Road West, Flat B, 9th Floor, Sheung Wan, Hong Kong, HKG

Website

https://www.cbg.com.hk

China Brilliant Global Ltd engages in wholesale and retailing of jewellery, money lending and distribution and retailing of Chinese herbal medicine and drugs. The company operates its business through three segments are Trading and retailing of gold and jewellery segment; Lending business, and the Fintech business segment. The Trading and retailing of gold and jewellery contribute maximum in the revenue of the company. The group's operations are mainly located in the PRC and Hong Kong, of which prime revenue is generated from the PRC.

China Brilliant Global (HKSE:08026) Headlines

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