West China Cement (HKSE:02233) Debt-to-Equity : 0.87 (As of Dec. 2023)

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What is West China Cement Debt-to-Equity?

West China Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,973 Mil. West China Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$7,704 Mil. West China Cement's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$13,435 Mil. West China Cement's debt to equity for the quarter that ended in Dec. 2023 was 0.87.

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 West China Cement's Debt-to-Equity or its related term are showing as below:

HKSE:02233' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.68 Max: 0.87
Current: 0.87

During the past 13 years, the highest Debt-to-Equity Ratio of West China Cement was 0.87. The lowest was 0.31. And the median was 0.68.

HKSE:02233's Debt-to-Equity is ranked worse than
81.87% of 353 companies
in the Building Materials industry
Industry Median: 0.38 vs HKSE:02233: 0.87

West China Cement Debt-to-Equity Historical Data

The historical data trend for West China Cement'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.

West China Cement Debt-to-Equity Chart

West China Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.36

0.81

0.79

0.87

West China Cement 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															0.81	0.76	0.79	0.82	0.87

Competitive Comparison of West China Cement's Debt-to-Equity

For the Building Materials subindustry, West China Cement'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.

West China Cement's Debt-to-Equity Distribution in the Building Materials Industry

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

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

West China Cement Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

West China Cement'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
	=	(3973.494	+	7704.138)	/	13435.373
	=	0.87

West China Cement'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
	=	(3973.494	+	7704.138)	/	13435.373
	=	0.87

West China Cement (HKSE:02233) 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.

West China Cement Debt-to-Equity Related Terms

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

West China Cement (HKSE:02233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » West China Cement Ltd (HKSE:02233) » Definitions » Debt-to-Equity

Traded in Other Exchanges

WCHNF:USA WFG1:Germany

Address

No. 336 4th Shenzhou Road, Yaobai R&D Training Center, Aerospace Industrial Base, Chang’an District, Xian, Shaanxi, CHN

Website

http://www.westchinacement.com

West China Cement Ltd is a producer of cement and supplies its products to the infrastructure, urban, and rural construction markets in China. The primary use of West China's cement is in the construction of infrastructure projects such as highways, bridges, railways, roads, and residential buildings.

Executives

Conch International Holdings (hk) Limited	2101 Beneficial owner
Zhong Guo Hai Luo Chuang Ye Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
An Hui Hai Luo Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Wu Hu Hai Chuang Shi Ye You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
An Hui Hai Luo Shui Ni Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

West China Cement (HKSE:02233) Headlines

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