Binhai Investment Co (HKSE:02886) Debt-to-Equity : 1.76 (As of Dec. 2023)

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What is Binhai Investment Co Debt-to-Equity?

Binhai Investment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,853 Mil. Binhai Investment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,066 Mil. Binhai Investment Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,233 Mil. Binhai Investment Co's debt to equity for the quarter that ended in Dec. 2023 was 1.75.

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 Binhai Investment Co's Debt-to-Equity or its related term are showing as below:

HKSE:02886' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.23 Med: 1.73 Max: 3.38
Current: 1.76

During the past 13 years, the highest Debt-to-Equity Ratio of Binhai Investment Co was 3.38. The lowest was 1.23. And the median was 1.73.

HKSE:02886's Debt-to-Equity is ranked worse than
82.01% of 478 companies
in the Utilities - Regulated industry
Industry Median: 0.845 vs HKSE:02886: 1.76

Binhai Investment Co Debt-to-Equity Historical Data

The historical data trend for Binhai Investment 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.

Binhai Investment Co Debt-to-Equity Chart

Binhai Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.95

1.23

1.40

1.77

1.76

Binhai Investment 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															1.40	1.58	1.77	1.84	1.76

Competitive Comparison of Binhai Investment Co's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Binhai Investment 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.

Binhai Investment Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Binhai Investment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Binhai Investment Co's Debt-to-Equity falls into.

Binhai Investment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Binhai Investment 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
	=	(1853.389	+	2065.798)	/	2233.39
	=	1.75

Binhai Investment 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
	=	(1853.389	+	2065.798)	/	2233.39
	=	1.75

Binhai Investment Co (HKSE:02886) 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.

Binhai Investment Co Debt-to-Equity Related Terms

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

Binhai Investment Co (HKSE:02886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Binhai Investment Co Ltd (HKSE:02886) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WS7A:Germany

Address

1 Matheson Street, Causeway Bay, Suites 3205-07, 32nd Floor, Tower Two, Times Square, Hong Kong, HKG

Website

https://www.binhaiinv.com

Binhai Investment Co Ltd is an investment holding company engaged in the sales of piped natural gas, construction, and gas pipeline installation service, gas passing through service, and sales of bottled natural gas. It derives a majority of its revenue from construction, and gas pipeline installation services in which the group constructs gas pipelines for its clients and connects such pipelines to the group's main gas pipeline networks and charges construction and gas pipeline installation service fees from industrial and commercial customers, property developers and property management companies.

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