Harbour Centre Development (HKSE:00051) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Harbour Centre Development Debt-to-Equity?

Harbour Centre Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$22 Mil. Harbour Centre Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$504 Mil. Harbour Centre Development's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$14,329 Mil. Harbour Centre Development's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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

HKSE:00051' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.17 Max: 0.3
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Harbour Centre Development was 0.30. The lowest was 0.04. And the median was 0.17.

HKSE:00051's Debt-to-Equity is ranked better than
93.19% of 1586 companies
in the Real Estate industry
Industry Median: 0.755 vs HKSE:00051: 0.04

Harbour Centre Development Debt-to-Equity Historical Data

The historical data trend for Harbour Centre Development'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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Harbour Centre Development Debt-to-Equity Chart

Harbour Centre Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.18

0.09

0.07

0.04

Harbour Centre Development Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.08	0.07	0.05	0.04

Competitive Comparison of Harbour Centre Development's Debt-to-Equity

For the Real Estate - Development subindustry, Harbour Centre Development'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.

Harbour Centre Development's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Harbour Centre Development's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Harbour Centre Development's Debt-to-Equity falls into.

Harbour Centre Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harbour Centre Development'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
	=	(22	+	504)	/	14329
	=	0.04

Harbour Centre Development'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
	=	(22	+	504)	/	14329
	=	0.04

Harbour Centre Development (HKSE:00051) 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.

Harbour Centre Development Debt-to-Equity Related Terms

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

Harbour Centre Development (HKSE:00051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Harbour Centre Development Ltd (HKSE:00051) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Canton Road, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG

Website

http://www.harbourcentre.com.hk

Harbour Centre Development Ltd has engaged in the acquisition, development, design, construction, sales, and marketing of properties in China. The operating business segments are investments, development property, investment property, and hotels. The Development property segment do activities relating to the acquisition, development, design, construction, sales, and marketing of properties in Mainland China. The Investment property segment represents the property leasing of the company's investment properties in Hong Kong. The Hotel segment represents the operations of Marco Polo Hongkong Hotel and Marco Polo Changzhou. It also includes The Murray, which is under construction. Its maximum revenue is driven by the Development property segment and from the Mainland China region.

Executives

Hsbc Trustee (c.i.) Limited	2301 Trustee
Wheelock And Company Limited	2201 Interest of corporation controlled by you
Wharf Real Estate Investment Company Limited	2201 Interest of corporation controlled by you

Harbour Centre Development (HKSE:00051) Headlines

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