Richly Field China Development (HKSE:00313) Debt-to-Equity : 0.08 (As of Sep. 2023)

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What is Richly Field China Development Debt-to-Equity?

Richly Field China Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$33.36 Mil. Richly Field China Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.25 Mil. Richly Field China Development's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$447.55 Mil. Richly Field China Development's debt to equity for the quarter that ended in Sep. 2023 was 0.08.

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 Richly Field China Development's Debt-to-Equity or its related term are showing as below:

HKSE:00313' s Debt-to-Equity Range Over the Past 10 Years
Min: -71.61 Med: 2.7 Max: 24.26
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Richly Field China Development was 24.26. The lowest was -71.61. And the median was 2.70.

HKSE:00313's Debt-to-Equity is ranked better than
88.9% of 1586 companies
in the Real Estate industry
Industry Median: 0.755 vs HKSE:00313: 0.08

Richly Field China Development Debt-to-Equity Historical Data

The historical data trend for Richly Field China 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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Richly Field China Development Debt-to-Equity Chart

Richly Field China Development Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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4.07

17.78

-3.87

-0.02

0.07

Richly Field China Development Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-2.65	-0.02	1.02	0.07	0.08

Competitive Comparison of Richly Field China Development's Debt-to-Equity

For the Real Estate - Development subindustry, Richly Field China 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.

Richly Field China Development's Debt-to-Equity Distribution in the Real Estate Industry

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

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

Richly Field China Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Richly Field China Development's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(30.827	+	0)	/	475.673
	=	0.06

Richly Field China Development's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(33.362	+	0.246)	/	447.548
	=	0.08

Richly Field China Development (HKSE:00313) 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.

Richly Field China Development Debt-to-Equity Related Terms

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

Richly Field China Development (HKSE:00313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Richly Field China Development Ltd (HKSE:00313) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 223 Hing Fong Road, Unit 1504, 15th Floor, Tower 2, Metroplaza, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.richlyfieldchinagroup.com

Richly Field China Development Ltd is an investment holding company. The group is principally engaged in outlets commercial operation and development and operation of featured commercial properties (such as tourism property, senior care property and wine chateaus), development of high-end residential properties as well as property management. The group's revenue is derived from its property development and investment projects in Changsha, Hunan Province (Changsha Project), Qinhuangdao of Hebei Province (Qinhuangdao Project) and Ningxia, Yinchuan City (Ningxia Project) in the PRC.

Executives

Galaxy Sharp Investment Holdings Limited	2201 Interest of corporation controlled by you
Sino Dynamics Investments Limited	2201 Interest of corporation controlled by you
Wu Peipei	2201 Interest of corporation controlled by you
Wang Hua	2201 Interest of corporation controlled by you
Zhen Xuan Tou Zi You Xian Gong Si	2101 Beneficial owner
Du Wei	2201 Interest of corporation controlled by you
Quan Li Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Jia Yue You Xian Gong Si	2101 Beneficial owner
Mei De Qi Ye You Xian Gong Si	2201 Interest of corporation controlled by you

Richly Field China Development (HKSE:00313) Headlines

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