Jinke Smart Services Group Co (HKSE:09666) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Jinke Smart Services Group Co Debt-to-Equity?

Jinke Smart Services Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$29 Mil. Jinke Smart Services Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$107 Mil. Jinke Smart Services Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$4,460 Mil. Jinke Smart Services Group Co's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Jinke Smart Services Group Co's Debt-to-Equity or its related term are showing as below:

HKSE:09666' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 7.4
Current: 0.03

During the past 7 years, the highest Debt-to-Equity Ratio of Jinke Smart Services Group Co was 7.40. The lowest was 0.01. And the median was 0.03.

HKSE:09666's Debt-to-Equity is ranked better than
94.83% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:09666: 0.03

Jinke Smart Services Group Co Debt-to-Equity Historical Data

The historical data trend for Jinke Smart Services Group 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.

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Jinke Smart Services Group Co Debt-to-Equity Chart

Jinke Smart Services Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.80

0.01

0.03

Jinke Smart Services Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.03	0.03	0.03	0.04	0.03

Competitive Comparison of Jinke Smart Services Group Co's Debt-to-Equity

For the Real Estate Services subindustry, Jinke Smart Services Group 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.

Jinke Smart Services Group Co's Debt-to-Equity Distribution in the Real Estate Industry

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

* The bar in red indicates where Jinke Smart Services Group Co's Debt-to-Equity falls into.

Jinke Smart Services Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jinke Smart Services Group 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
	=	(29.002	+	106.553)	/	4460.358
	=	0.03

Jinke Smart Services Group 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
	=	(29.002	+	106.553)	/	4460.358
	=	0.03

Jinke Smart Services Group Co (HKSE:09666) 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.

Jinke Smart Services Group Co Debt-to-Equity Related Terms

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Jinke Smart Services Group Co (HKSE:09666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jinke Smart Services Group Co Ltd (HKSE:09666) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 480, Panxi Road, Shimahe Street, Building A4, East Zone, Jinke Shiniancheng, Jiangbei District, Chongqing, CHN

Website

http://www.jinkeservice.com

Jinke Smart Services Group Co Ltd is a smart property management service provider in China. The firm is principally engaged in the provision of property management services, value-added services to non-property owners, community value-added services, and smart living technology solutions. It has focused on the three main regions in China that are Southwestern China, Eastern & Southern China, Central China, and other regions where it generates a majority of its revenue from the Southwestern China Region.

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