China Tianrui Group Cement Co (HKSE:01252) Debt-to-Equity : 1.15 (As of Dec. 2023)

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What is China Tianrui Group Cement Co Debt-to-Equity?

China Tianrui Group Cement Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$14,319 Mil. China Tianrui Group Cement Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5,063 Mil. China Tianrui Group Cement Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$16,917 Mil. China Tianrui Group Cement Co's debt to equity for the quarter that ended in Dec. 2023 was 1.15.

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 Tianrui Group Cement Co's Debt-to-Equity or its related term are showing as below:

HKSE:01252' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 1.05 Max: 2.02
Current: 1.15

During the past 13 years, the highest Debt-to-Equity Ratio of China Tianrui Group Cement Co was 2.02. The lowest was 0.52. And the median was 1.05.

HKSE:01252's Debt-to-Equity is ranked worse than
86.4% of 353 companies
in the Building Materials industry
Industry Median: 0.38 vs HKSE:01252: 1.15

China Tianrui Group Cement Co Debt-to-Equity Historical Data

The historical data trend for China Tianrui Group Cement Co'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.

China Tianrui Group Cement Co Debt-to-Equity Chart

China Tianrui Group Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.96

0.68

0.60

0.52

1.15

China Tianrui Group Cement Co 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															0.60	0.56	0.52	0.58	1.15

Competitive Comparison of China Tianrui Group Cement Co's Debt-to-Equity

For the Building Materials subindustry, China Tianrui Group Cement Co'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 Tianrui Group Cement Co's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Tianrui Group Cement Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Tianrui Group Cement Co's Debt-to-Equity falls into.

China Tianrui Group Cement Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Tianrui Group Cement Co'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
	=	(14318.932	+	5063.2)	/	16916.861
	=	1.15

China Tianrui Group Cement Co'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
	=	(14318.932	+	5063.2)	/	16916.861
	=	1.15

China Tianrui Group Cement Co (HKSE:01252) 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 Tianrui Group Cement Co Debt-to-Equity Related Terms

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China Tianrui Group Cement Co (HKSE:01252) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Tianrui Group Cement Co Ltd (HKSE:01252) » Definitions » Debt-to-Equity

Traded in Other Exchanges

T18:Germany

Address

No. 63 Guangcheng East Road, Henan Province, Ruzhou, CHN, 467500

Website

http://www.trcement.com

China Tianrui Group Cement Co Ltd, along with its subsidiaries, is engaged in the excavation of limestone, the production, and sale of cement and clinker. The company is organized into two geographic segments: Central China and Northeastern China of which Central China contributes the vast majority of total revenue.

Executives

Li Fengluan	2201 Interest of corporation controlled by you
Li Liufa	2201 Interest of corporation controlled by you
Tianrui (international) Holding Company Limited	2201 Interest of corporation controlled by you
Tianrui Group Company Limited	2201 Interest of corporation controlled by you
Yu Kuo Company Limited	2101 Beneficial owner
Carosse Limited	2201 Interest of corporation controlled by you
Holy Eagle Company Limited	2201 Interest of corporation controlled by you
Yu Qi Company Limited	2201 Interest of corporation controlled by you
China Cinda Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
China Huarong (macau) International Company Limited	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Jin Chu Kou Yin Xing	2106 Person having a security interest in shares
Wu Tong Shu Tou Zi Ping Tai You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Best Ego Limited	2106 Person having a security interest in shares
China Huarong International Holdings Ltd	2201 Interest of corporation controlled by you

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