Evergrande Property Services Group (HKSE:06666) Debt-to-Equity : -0.26 (As of Dec. 2023)

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What is Evergrande Property Services Group Debt-to-Equity?

Evergrande Property Services Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$112 Mil. Evergrande Property Services Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$20 Mil. Evergrande Property Services Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-511 Mil. Evergrande Property Services Group's debt to equity for the quarter that ended in Dec. 2023 was -0.26.

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 Evergrande Property Services Group's Debt-to-Equity or its related term are showing as below:

HKSE:06666' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.26 Med: 0 Max: 0.22
Current: -0.26

During the past 7 years, the highest Debt-to-Equity Ratio of Evergrande Property Services Group was 0.22. The lowest was -0.26. And the median was 0.00.

HKSE:06666's Debt-to-Equity is not ranked
in the Real Estate industry.
Industry Median: 0.76 vs HKSE:06666: -0.26

Evergrande Property Services Group Debt-to-Equity Historical Data

The historical data trend for Evergrande Property Services Group'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.

Evergrande Property Services Group Debt-to-Equity Chart

Evergrande Property Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

-0.16

-0.26

Evergrande Property Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							-0.16	-0.18	-0.26	-0.35	-0.26

Competitive Comparison of Evergrande Property Services Group's Debt-to-Equity

For the Real Estate Services subindustry, Evergrande Property Services Group'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.

Evergrande Property Services Group's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Evergrande Property Services Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Evergrande Property Services Group's Debt-to-Equity falls into.

Evergrande Property Services Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Evergrande Property Services Group'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
	=	(111.932	+	19.886)	/	-511.424
	=	-0.26

Evergrande Property Services Group'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
	=	(111.932	+	19.886)	/	-511.424
	=	-0.26

Evergrande Property Services Group (HKSE:06666) 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.

Evergrande Property Services Group Debt-to-Equity Related Terms

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Evergrande Property Services Group (HKSE:06666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Evergrande Property Services Group Ltd (HKSE:06666) » Definitions » Debt-to-Equity

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EVGPF:USA

Address

No. 78, Huangpu Avenue West, Third Compartment of Room 3101, Tianhe District, Guangdong, Guangzhou, CHN, 510660

Website

https://www.evergrandeservice.com

Evergrande Property Services Group Ltd is a property management service providers in China. It manages a diverse portfolio of properties, including mid- to high-end residential properties, office buildings and commercial properties. Further, it also manages other types of properties such as theme parks, industrial parks, healthcare complexes, themed towns and schools, among others.

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