Guangdong Hongda Holdings Group Co (SZSE:002683) Debt-to-Equity : 0.75 (As of Mar. 2024)

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What is Guangdong Hongda Holdings Group Co Debt-to-Equity?

Guangdong Hongda Holdings Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥914 Mil. Guangdong Hongda Holdings Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,911 Mil. Guangdong Hongda Holdings Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥6,472 Mil. Guangdong Hongda Holdings Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.75.

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

SZSE:002683' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.58 Max: 0.82
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of Guangdong Hongda Holdings Group Co was 0.82. The lowest was 0.21. And the median was 0.58.

SZSE:002683's Debt-to-Equity is ranked worse than
73.94% of 1389 companies
in the Chemicals industry
Industry Median: 0.36 vs SZSE:002683: 0.75

Guangdong Hongda Holdings Group Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Hongda Holdings 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.

Guangdong Hongda Holdings Group Co Debt-to-Equity Chart

Guangdong Hongda Holdings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.55

0.46

0.70

0.69

0.58

Guangdong Hongda Holdings 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															0.69	0.71	0.66	0.58	0.75

Competitive Comparison of Guangdong Hongda Holdings Group Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Guangdong Hongda Holdings 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.

Guangdong Hongda Holdings Group Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Hongda Holdings Group Co's Debt-to-Equity distribution charts can be found below:

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

Guangdong Hongda Holdings Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Hongda Holdings 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
	=	(1762.935	+	1954.26)	/	6469.823
	=	0.57

Guangdong Hongda Holdings 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
	=	(914.456	+	3911.109)	/	6471.759
	=	0.75

Guangdong Hongda Holdings Group Co (SZSE:002683) 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.

Guangdong Hongda Holdings Group Co Debt-to-Equity Related Terms

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Guangdong Hongda Holdings Group Co (SZSE:002683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Hongda Holdings Group Co Ltd (SZSE:002683) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

49 Huaxia Road Zhujiang, Zhujiang New Town, CHN

Website

http://www.hdbp.com

Guangdong Hongda Holdings Group Co Ltd, formerly Guangdong Hongda Blasting Co Ltd is an integrated mining and explosive service provider. The current business involves the construction and operation of open pit mines and underground. In addition, the company is engaged in the high-tech research and development and application of mine investment construction and operation, civil explosion capacity investment construction and operation, and blasting business.

Executives

Wang Yong Qing	Director
Liang Fa	Executives
Zhao Guo Wen	Secretary Dong
Zheng Ming Chai	Director
Qiu Guan Zhou	Independent director
Fang Jian Ning	Director
Xiao Mei	Supervisors
Li Zhan Jun	Executives
Fang Jian Min	Executives
Zhang Han Ping	Executives

Guangdong Hongda Holdings Group Co (SZSE:002683) Headlines

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