China Development Financial Holding (TPE:2883) Debt-to-Equity : 0.61 (As of Dec. 2023)

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What is China Development Financial Holding Debt-to-Equity?

China Development Financial Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$0 Mil. China Development Financial Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$159,877 Mil. China Development Financial Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$262,819 Mil. China Development Financial Holding's debt to equity for the quarter that ended in Dec. 2023 was 0.61.

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 Development Financial Holding's Debt-to-Equity or its related term are showing as below:

TPE:2883' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.47 Max: 0.69
Current: 0.61

During the past 13 years, the highest Debt-to-Equity Ratio of China Development Financial Holding was 0.69. The lowest was 0.39. And the median was 0.47.

TPE:2883's Debt-to-Equity is ranked worse than
79.53% of 386 companies
in the Insurance industry
Industry Median: 0.24 vs TPE:2883: 0.61

China Development Financial Holding Debt-to-Equity Historical Data

The historical data trend for China Development Financial Holding'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 Development Financial Holding Debt-to-Equity Chart

China Development Financial Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.52

0.48

0.69

0.61

China Development Financial Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.69	0.62	0.66	0.72	0.61

Competitive Comparison of China Development Financial Holding's Debt-to-Equity

For the Insurance - Life subindustry, China Development Financial Holding'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 Development Financial Holding's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, China Development Financial Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Development Financial Holding's Debt-to-Equity falls into.

China Development Financial Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Development Financial Holding'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	+	159876.507)	/	262818.634
	=	0.61

China Development Financial Holding'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	+	159876.507)	/	262818.634
	=	0.61

China Development Financial Holding (TPE:2883) 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 Development Financial Holding Debt-to-Equity Related Terms

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

China Development Financial Holding (TPE:2883) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Development Financial Holding Corp (TPE:2883) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 135, Dunhua N. Road, Songshan District, Taipei, TWN, 105

Website

https://www.cdfholding.com

China Development Financial Holding Corp is a financial services group catering primarily to the Taiwanese and Chinese markets. The company operates under four reportable segments: Venture Capital, which engages in investing, fundraising, and the management of private equity funds; Commercial Banking, which engages in consumer banking, corporate banking, and global market and financial institutions; Securities, which engages in wealth management, trading, and investment banking; and Insurance, which operates life insurance businesses. Most of its revenue is derived from noninterest income through the insurance segment.

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