China Art Financial Holdings (HKSE:01572) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is China Art Financial Holdings Debt-to-Equity?

China Art Financial Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8.51 Mil. China Art Financial Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.51 Mil. China Art Financial Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,208.18 Mil. China Art Financial Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

HKSE:01572' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.01
Current: 0.01

During the past 11 years, the highest Debt-to-Equity Ratio of China Art Financial Holdings was 0.01. The lowest was 0.00. And the median was 0.01.

HKSE:01572's Debt-to-Equity is ranked better than
99.77% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs HKSE:01572: 0.01

China Art Financial Holdings Debt-to-Equity Historical Data

The historical data trend for China Art Financial 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.

China Art Financial Holdings Debt-to-Equity Chart

China Art Financial Holdings Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

China Art Financial Holdings Semi-Annual Data
	Dec13	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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of China Art Financial Holdings's Debt-to-Equity

For the Credit Services subindustry, China Art Financial 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.

China Art Financial Holdings's Debt-to-Equity Distribution in the Credit Services Industry

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

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

China Art Financial Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Art Financial 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
	=	(8.514	+	0.509)	/	1208.183
	=	0.01

China Art Financial 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
	=	(8.514	+	0.509)	/	1208.183
	=	0.01

China Art Financial Holdings (HKSE:01572) 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 Art Financial Holdings Debt-to-Equity Related Terms

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

China Art Financial Holdings (HKSE:01572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Art Financial Holdings Ltd (HKSE:01572) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CHFHF:USA

Address

63 Jingyi South Road, Yicheng Street, Jiangsu Province, Yixing City, CHN

Website

http://www.cnartfin.com.hk

China Art Financial Holdings Ltd is an art finance service provider in China. It is engaged in operating art financing channels. The operating business segments of the company are Art and asset pawn business; Art and asset auction business, and Art and asset sales business. The company auctions products like Zisha artwork, Calligraphies and paintings, Jewel artwork, and others. Geographically, the company has a business presence in China and Hong Kong, of which a majority of the revenue is derived from China. The group's revenue is principally derived from PRC.

Executives

Zhongtai International Asset Management (singapore) Pte. Ltd.	2102 Investment manager
Lai Wing Lun	2104 Agent
Arab Osman Mohammed	2104 Agent
Win Win Stable No.5 Fund Sp	2106 Person having a security interest in shares
Xu Min	2103 Interests held jointly with another person
Zhou Jianyuan	2202 Interest of your spouse
Zhang Xiaoxing	2202 Interest of your spouse
Yubo Investment Co. Ltd	2201 Interest of corporation controlled by you
Xu Zhongliang	2202 Interest of your spouse
Fan Qinzhi	2103 Interests held jointly with another person
Wu Jian	2103 Interests held jointly with another person
Wang Jiansong	2201 Interest of corporation controlled by you
Mauve Jade Investment Limited	2201 Interest of corporation controlled by you
Intelligenesis Investment Co., Ltd	2101 Beneficial owner
Golden Sand Investment Company Limited	2201 Interest of corporation controlled by you

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