Crocodile Garments (HKSE:00122) Debt-to-Equity : 0.53 (As of Jan. 2024)

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What is Crocodile Garments Debt-to-Equity?

Crocodile Garments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was HK$217.36 Mil. Crocodile Garments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was HK$553.75 Mil. Crocodile Garments's Total Stockholders Equity for the quarter that ended in Jan. 2024 was HK$1,466.76 Mil. Crocodile Garments's debt to equity for the quarter that ended in Jan. 2024 was 0.53.

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 Crocodile Garments's Debt-to-Equity or its related term are showing as below:

HKSE:00122' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.4 Max: 0.57
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of Crocodile Garments was 0.57. The lowest was 0.33. And the median was 0.40.

HKSE:00122's Debt-to-Equity is ranked worse than
55.02% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:00122: 0.53

Crocodile Garments Debt-to-Equity Historical Data

The historical data trend for Crocodile Garments'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.

Crocodile Garments Debt-to-Equity Chart

Crocodile Garments Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.34

0.46

0.39

0.57

0.52

Crocodile Garments Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.37	0.57	0.53	0.52	0.53

Competitive Comparison of Crocodile Garments's Debt-to-Equity

For the Apparel Manufacturing subindustry, Crocodile Garments'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.

Crocodile Garments's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Crocodile Garments's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Crocodile Garments's Debt-to-Equity falls into.

Crocodile Garments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Crocodile Garments's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(213.6	+	557.577)	/	1481.577
	=	0.52

Crocodile Garments's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(217.363	+	553.752)	/	1466.761
	=	0.53

Crocodile Garments (HKSE:00122) 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.

Crocodile Garments Debt-to-Equity Related Terms

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

Crocodile Garments (HKSE:00122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Crocodile Garments Ltd (HKSE:00122) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

25th Floor, 79 Hoi Yuen Road, Crocodile Center, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.crocodile.com.hk

Crocodile Garments Ltd is a Hong Kong-based company engaged in the sale of garments. The firm operates in three reportable segments including Garment and related accessories business, Property investment and letting business and Treasury management. Its products include men's, women's children's clothing, ties, underwear, bags and wallets, belts and shoes. The company generates the majority of the revenue from property investment and letting business.

Crocodile Garments (HKSE:00122) Headlines

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