Konka Group Co (SZSE:000016) Debt-to-Equity : 4.56 (As of Mar. 2024)

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What is Konka Group Co Debt-to-Equity?

Konka Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11,442 Mil. Konka Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11,991 Mil. Konka Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,135 Mil. Konka Group Co's debt to equity for the quarter that ended in Mar. 2024 was 4.56.

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

SZSE:000016' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.89 Med: 2.35 Max: 4.56
Current: 4.56

During the past 13 years, the highest Debt-to-Equity Ratio of Konka Group Co was 4.56. The lowest was 0.89. And the median was 2.35.

SZSE:000016's Debt-to-Equity is ranked worse than
98.81% of 2190 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:000016: 4.56

Konka Group Co Debt-to-Equity Historical Data

The historical data trend for Konka Group 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.

Konka Group Co Debt-to-Equity Chart

Konka Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.53

2.66

2.30

2.84

3.91

Konka Group Co 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															2.91	3.00	3.23	3.91	4.56

Competitive Comparison of Konka Group Co's Debt-to-Equity

For the Consumer Electronics subindustry, Konka Group 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.

Konka Group Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Konka Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Konka Group Co's Debt-to-Equity falls into.

Konka Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Konka Group 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
	=	(11704.739	+	10366.361)	/	5644.401
	=	3.91

Konka Group 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
	=	(11442.463	+	11991.178)	/	5134.506
	=	4.56

Konka Group Co (SZSE:000016) 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.

Konka Group Co Debt-to-Equity Related Terms

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Konka Group Co (SZSE:000016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Konka Group Co Ltd (SZSE:000016) » Definitions » Debt-to-Equity

Traded in Other Exchanges

200016:China

Address

28 Keji South Twelfth Road, Yuehai Street, 15-24th Floor, Konka R&D Center, Science and Technology Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.konka.com

Konka Group Co Ltd operates in the consumer electronics industry of China. The company sells its goods primarily in China, but a portion of its sales are from overseas markets. Most of its revenue is derived from the business-to-business sale of various color TV models including Smart TVs, LED TVs, 4K TVs, and OLED TVs. Its secondary source of revenue is obtained from the manufacture and sale of mobile phones and appliances such as refrigerators, washing machines, air conditioners, and freezers. The Konka Group also develops and maintains software technologies, produces and distributes molds and plastic products, and provides digital network products.

Executives

Zhou Bin	Executives
Zhang Guang Hui	Supervisors
Huo Jun	Director

Konka Group Co (SZSE:000016) Headlines

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