Asia Cement (China) Holdings (HKSE:00743) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Asia Cement (China) Holdings Debt-to-Equity?

Asia Cement (China) Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,263 Mil. Asia Cement (China) Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$782 Mil. Asia Cement (China) Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$18,422 Mil. Asia Cement (China) Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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 Asia Cement (China) Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00743' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.47 Max: 0.88
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Asia Cement (China) Holdings was 0.88. The lowest was 0.09. And the median was 0.47.

HKSE:00743's Debt-to-Equity is ranked better than
81.25% of 352 companies
in the Building Materials industry
Industry Median: 0.39 vs HKSE:00743: 0.11

Asia Cement (China) Holdings Debt-to-Equity Historical Data

The historical data trend for Asia Cement (China) 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.

Asia Cement (China) Holdings Debt-to-Equity Chart

Asia Cement (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.19

0.09

0.15

0.11

Asia Cement (China) Holdings Quarterly Data
	Jun16	Sep16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.11	0.11	0.11	N/A

Competitive Comparison of Asia Cement (China) Holdings's Debt-to-Equity

For the Building Materials subindustry, Asia Cement (China) 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.

Asia Cement (China) Holdings's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Asia Cement (China) Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asia Cement (China) Holdings's Debt-to-Equity falls into.

Asia Cement (China) Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia Cement (China) 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
	=	(1262.728	+	781.986)	/	18422.355
	=	0.11

Asia Cement (China) 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
	=	(1262.728	+	781.986)	/	18422.355
	=	0.11

Asia Cement (China) Holdings (HKSE:00743) 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.

Asia Cement (China) Holdings Debt-to-Equity Related Terms

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Asia Cement (China) Holdings (HKSE:00743) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement (China) Holdings Corp (HKSE:00743) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4OJ:Germany

Address

No. 6 Yadong Avenue, Ma-Tou Town, Jiangxi Province, Ruichang, CHN, 332207

Website

http://www.achc.com.cn

Asia Cement (China) Holdings Corp is an investment holding company. The company operates through the Cement and Concrete business segments. Its products include cement, clinker, ready-mix concrete, and blast-furnace slag powder. It derives revenue from China. Its geographical segments include the Southeastern region, Central region, and Southwestern region.

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