Citychamp Dartong Co (SHSE:600067) Debt-to-Equity : 0.61 (As of Mar. 2024)

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What is Citychamp Dartong Co Debt-to-Equity?

Citychamp Dartong Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,987 Mil. Citychamp Dartong Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,030 Mil. Citychamp Dartong Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥6,564 Mil. Citychamp Dartong Co's debt to equity for the quarter that ended in Mar. 2024 was 0.61.

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

SHSE:600067' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 0.82 Max: 1.27
Current: 0.61

During the past 13 years, the highest Debt-to-Equity Ratio of Citychamp Dartong Co was 1.27. The lowest was 0.59. And the median was 0.82.

SHSE:600067's Debt-to-Equity is ranked better than
57.25% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs SHSE:600067: 0.61

Citychamp Dartong Co Debt-to-Equity Historical Data

The historical data trend for Citychamp Dartong 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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Citychamp Dartong Co Debt-to-Equity Chart

Citychamp Dartong Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.94

0.90

0.89

0.75

0.61

Citychamp Dartong Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.73	0.73	0.71	0.61	0.61

Competitive Comparison of Citychamp Dartong Co's Debt-to-Equity

For the Real Estate - Development subindustry, Citychamp Dartong 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.

Citychamp Dartong Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Citychamp Dartong Co's Debt-to-Equity distribution charts can be found below:

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

Citychamp Dartong Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Citychamp Dartong 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
	=	(3048.151	+	983.11)	/	6594.469
	=	0.61

Citychamp Dartong Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(2987.432	+	1029.719)	/	6563.992
	=	0.61

Citychamp Dartong Co (SHSE:600067) 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.

Citychamp Dartong Co Debt-to-Equity Related Terms

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

Citychamp Dartong Co (SHSE:600067) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Citychamp Dartong Co Ltd (SHSE:600067) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 32 Wuyi Middle Road, Yuanhong Tower, 26F, Gulou District, Fuzhou, Fujian, CHN, 350005

Website

http://www.gcdt.net

Citychamp Dartong Co Ltd operates in the real estate industry and enameled wire business. The products of the real estate industry involve residential and office buildings like garden houses, villas, and integrated commercial and urban complexes. The products of enameled wire business are used in energy information industry, aerospace, rail transit, and wind power.

Citychamp Dartong Co (SHSE:600067) Headlines

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