CNFinance Holdings (CNFinance Holdings) Debt-to-Equity : 2.06 (As of Dec. 2023)

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What is CNFinance Holdings Debt-to-Equity?

CNFinance Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. CNFinance Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,158.2 Mil. CNFinance Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $561.5 Mil. CNFinance Holdings's debt to equity for the quarter that ended in Dec. 2023 was 2.06.

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 CNFinance Holdings's Debt-to-Equity or its related term are showing as below:

CNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.52 Med: 2.09 Max: 6.66
Current: 2.06

During the past 8 years, the highest Debt-to-Equity Ratio of CNFinance Holdings was 6.66. The lowest was 1.52. And the median was 2.09.

CNF's Debt-to-Equity is ranked worse than
84.29% of 1394 companies
in the Banks industry
Industry Median: 0.65 vs CNF: 2.06

CNFinance Holdings Debt-to-Equity Historical Data

The historical data trend for CNFinance Holdings'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.

CNFinance Holdings Debt-to-Equity Chart

CNFinance Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.86

1.52

2.11

2.00

2.06

CNFinance Holdings 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															2.00	1.84	1.72	1.80	2.06

Competitive Comparison of CNFinance Holdings's Debt-to-Equity

For the Mortgage Finance subindustry, CNFinance Holdings'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.

CNFinance Holdings's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CNFinance Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CNFinance Holdings's Debt-to-Equity falls into.

CNFinance Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CNFinance Holdings'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	+	1158.187)	/	561.459
	=	2.06

CNFinance Holdings'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	+	1158.187)	/	561.459
	=	2.06

CNFinance Holdings (NYSE:CNF) 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.

CNFinance Holdings Debt-to-Equity Related Terms

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CNFinance Holdings (CNFinance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CNFinance Holdings Ltd (NYSE:CNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16 Zhujiang Dong Road, 44th Floor, Tower G, Guangdong Province, Gold Land Plaza, Tianhe District, Guangzhou, CHN, 510620

Website

https://ir.cashchina.cn

CNFinance Holdings Ltd is an equity loan service provider. It focuses on the development of small and micro-enterprises. It generates revenue in the form of interest and financing service fees on loans and interest on deposits with banks. Its primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. Geographically, it has an operation in PRC.