China XLX Fertiliser (HKSE:01866) Debt-to-Equity : 1.53 (As of Dec. 2023)

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What is China XLX Fertiliser Debt-to-Equity?

China XLX Fertiliser's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$4,892 Mil. China XLX Fertiliser's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$7,972 Mil. China XLX Fertiliser's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$8,408 Mil. China XLX Fertiliser's debt to equity for the quarter that ended in Dec. 2023 was 1.53.

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 XLX Fertiliser's Debt-to-Equity or its related term are showing as below:

HKSE:01866' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.42 Med: 1.78 Max: 2.19
Current: 1.53

During the past 13 years, the highest Debt-to-Equity Ratio of China XLX Fertiliser was 2.19. The lowest was 1.42. And the median was 1.78.

HKSE:01866's Debt-to-Equity is ranked worse than
91.32% of 219 companies
in the Agriculture industry
Industry Median: 0.35 vs HKSE:01866: 1.53

China XLX Fertiliser Debt-to-Equity Historical Data

The historical data trend for China XLX Fertiliser'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 XLX Fertiliser Debt-to-Equity Chart

China XLX Fertiliser Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.80

2.19

2.10

1.85

1.53

China XLX Fertiliser 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															2.10	2.00	1.85	1.75	1.53

Competitive Comparison of China XLX Fertiliser's Debt-to-Equity

For the Agricultural Inputs subindustry, China XLX Fertiliser'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 XLX Fertiliser's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, China XLX Fertiliser's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China XLX Fertiliser's Debt-to-Equity falls into.

China XLX Fertiliser Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China XLX Fertiliser'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
	=	(4892.138	+	7972.453)	/	8408.48
	=	1.53

China XLX Fertiliser'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
	=	(4892.138	+	7972.453)	/	8408.48
	=	1.53

China XLX Fertiliser (HKSE:01866) 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 XLX Fertiliser Debt-to-Equity Related Terms

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

China XLX Fertiliser (HKSE:01866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » China XLX Fertiliser Ltd (HKSE:01866) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinxiang Economic Development Zone, Henan Province, Xinxiang, CHN, 453731

Website

http://www.chinaxlx.com.hk

China XLX Fertiliser Ltd is an investment holding company engaged in the manufacturing and sale of fertilizers. It operates in the following segments: Urea, Compound fertilizer, DME (dimethyl ether), Methanol, Melamine, Urea Solution for vehicles, Furfuryl alcohol, Medical Intermediate, and others. Its geographical segments are China and Overseas, of which China accounts for the vast majority of its revenue.

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