Weihai City Commercial Bank Co (HKSE:09677) Debt-to-Equity : 1.44 (As of Dec. 2023)

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What is Weihai City Commercial Bank Co Debt-to-Equity?

Weihai City Commercial Bank Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. Weihai City Commercial Bank Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$41,341 Mil. Weihai City Commercial Bank Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$28,701 Mil. Weihai City Commercial Bank Co's debt to equity for the quarter that ended in Dec. 2023 was 1.44.

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 Weihai City Commercial Bank Co's Debt-to-Equity or its related term are showing as below:

HKSE:09677' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.42 Med: 1.5 Max: 3.21
Current: 1.44

During the past 7 years, the highest Debt-to-Equity Ratio of Weihai City Commercial Bank Co was 3.21. The lowest was 1.42. And the median was 1.50.

HKSE:09677's Debt-to-Equity is ranked worse than
75.18% of 1394 companies
in the Banks industry
Industry Median: 0.66 vs HKSE:09677: 1.44

Weihai City Commercial Bank Co Debt-to-Equity Historical Data

The historical data trend for Weihai City Commercial Bank 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.

Weihai City Commercial Bank Co Debt-to-Equity Chart

Weihai City Commercial Bank Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.73

1.50

1.42

1.48

1.44

Weihai City Commercial Bank Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							1.42	1.27	1.48	1.37	1.44

Competitive Comparison of Weihai City Commercial Bank Co's Debt-to-Equity

For the Banks - Regional subindustry, Weihai City Commercial Bank 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.

Weihai City Commercial Bank Co's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Weihai City Commercial Bank Co's Debt-to-Equity falls into.

Weihai City Commercial Bank Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Weihai City Commercial Bank 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	+	41340.509)	/	28700.701
	=	1.44

Weihai City Commercial Bank 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	+	41340.509)	/	28700.701
	=	1.44

Weihai City Commercial Bank Co (HKSE:09677) 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.

Weihai City Commercial Bank Co Debt-to-Equity Related Terms

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Weihai City Commercial Bank Co (HKSE:09677) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Weihai City Commercial Bank Co Ltd (HKSE:09677) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 9 Baoquan Road, Finance Building, Shandong Province, Weihai, CHN, 264200

Website

https://www.whccb.com

Weihai City Commercial Bank Co Ltd offers banking services. The group's principal businesses include corporate banking, retail banking, financial market business, and others. It generates maximum revenue from the corporate banking segment. The Corporate banking segment represents the provision of a range of financial products and services to corporations, government agencies, and financial institutions. Its products and services include corporate loans and advances, trade financing, deposit-taking activities, agency services, wealth management services, consulting and advisory services, remittance and settlement services, guarantee services, and finance leasing services.

Weihai City Commercial Bank Co (HKSE:09677) Headlines

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