China Tourism Group Duty Free (SHSE:601888) Debt-to-Equity : 0.10 (As of Mar. 2024)

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What is China Tourism Group Duty Free Debt-to-Equity?

China Tourism Group Duty Free's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,055 Mil. China Tourism Group Duty Free's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,296 Mil. China Tourism Group Duty Free's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥56,152 Mil. China Tourism Group Duty Free's debt to equity for the quarter that ended in Mar. 2024 was 0.10.

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 Tourism Group Duty Free's Debt-to-Equity or its related term are showing as below:

SHSE:601888' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.22
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of China Tourism Group Duty Free was 0.22. The lowest was 0.00. And the median was 0.01.

SHSE:601888's Debt-to-Equity is ranked better than
85.93% of 1002 companies
in the Retail - Cyclical industry
Industry Median: 0.63 vs SHSE:601888: 0.10

China Tourism Group Duty Free Debt-to-Equity Historical Data

The historical data trend for China Tourism Group Duty Free'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 Tourism Group Duty Free Debt-to-Equity Chart

China Tourism Group Duty Free Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.22

0.18

0.14

0.10

China Tourism Group Duty Free Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.12	0.11	0.10	0.10

Competitive Comparison of China Tourism Group Duty Free's Debt-to-Equity

For the Specialty Retail subindustry, China Tourism Group Duty Free'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 Tourism Group Duty Free's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Tourism Group Duty Free's Debt-to-Equity falls into.

China Tourism Group Duty Free Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Tourism Group Duty Free'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
	=	(1108.222	+	4273.191)	/	53833.949
	=	0.10

China Tourism Group Duty Free'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
	=	(1055.299	+	4295.936)	/	56152.201
	=	0.10

China Tourism Group Duty Free (SHSE:601888) 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 Tourism Group Duty Free Debt-to-Equity Related Terms

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

China Tourism Group Duty Free (SHSE:601888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Tourism Group Duty Free Corp Ltd (SHSE:601888) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

01880:Hong Kong

Address

No. 2A, Dongzhimenwai Street, 8th Floor, Block A, Dongcheng District, Beijing, CHN, 100027

Website

https://www.ctgdutyfree.com.cn

China Tourism Group Duty Free Corp Ltd is an investment holding company. The company's segments include Retail and Property. It generates maximum revenue from the Retail segment. The Retail segment offers a comprehensive series of duty-free and duty-paid merchandise to customers in Mainland China, Hong Kong, Macau, Cambodia, etc, through its travel retail business. It also engages sales of duty-free and duty-paid merchandise and income from provision of related services.

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