China Television Media (SHSE:600088) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is China Television Media Debt-to-Equity?

China Television Media's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥13 Mil. China Television Media's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥83 Mil. China Television Media's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,257 Mil. China Television Media's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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

SHSE:600088' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.12 Max: 0.13
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of China Television Media was 0.13. The lowest was 0.08. And the median was 0.12.

SHSE:600088's Debt-to-Equity is ranked better than
74.91% of 845 companies
in the Media - Diversified industry
Industry Median: 0.29 vs SHSE:600088: 0.08

China Television Media Debt-to-Equity Historical Data

The historical data trend for China Television Media'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.

China Television Media Debt-to-Equity Chart

China Television Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.10

0.12

0.11

0.08

China Television Media 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															0.12	0.08	0.12	0.08	0.08

Competitive Comparison of China Television Media's Debt-to-Equity

For the Entertainment subindustry, China Television Media'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.

China Television Media's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Television Media's Debt-to-Equity distribution charts can be found below:

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

China Television Media Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Television Media'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
	=	(14.056	+	83.343)	/	1246.411
	=	0.08

China Television Media'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
	=	(13.215	+	82.753)	/	1256.795
	=	0.08

China Television Media (SHSE:600088) 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.

China Television Media Debt-to-Equity Related Terms

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

China Television Media (SHSE:600088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China Television Media Ltd (SHSE:600088) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 450 Fushan Road, 17F, Pudong, Shanghai, Shanghai, CHN, 200122

Website

http://www.ctv-media.com.cn

China Television Media Ltd is a China-based company engaged in the movies and televisions (TVs) businesses. The movies and TV-related businesses mainly include the development and operations of movies and TV bases, the producing and publishing of movies and TV dramas, among others. The company is also involved in the advertising businesses, as well as the movies and TV bases tourism businesses. The company is also engaged in the provision of related technology services through its subsidiaries.

Executives

Chou Jie Ming	Director
Xu Yi Ming	senior management
Pang Jian	Director

China Television Media (SHSE:600088) Headlines

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