Greatime International Holdings (HKSE:00844) Debt-to-Equity : 0.64 (As of Dec. 2023)

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What is Greatime International Holdings Debt-to-Equity?

Greatime International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$181.6 Mil. Greatime International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$6.5 Mil. Greatime International Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$293.5 Mil. Greatime International Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.64.

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 Greatime International Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00844' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.37 Max: 0.64
Current: 0.64

During the past 13 years, the highest Debt-to-Equity Ratio of Greatime International Holdings was 0.64. The lowest was 0.27. And the median was 0.37.

HKSE:00844's Debt-to-Equity is ranked worse than
61.47% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:00844: 0.64

Greatime International Holdings Debt-to-Equity Historical Data

The historical data trend for Greatime International Holdings'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.

Greatime International Holdings Debt-to-Equity Chart

Greatime International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.37

0.40

0.42

0.64

Greatime International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.40	0.37	0.42	0.42	0.64

Competitive Comparison of Greatime International Holdings's Debt-to-Equity

For the Apparel Manufacturing subindustry, Greatime International Holdings'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.

Greatime International Holdings's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Greatime International Holdings's Debt-to-Equity falls into.

Greatime International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greatime International Holdings'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
	=	(181.626	+	6.545)	/	293.545
	=	0.64

Greatime International Holdings'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
	=	(181.626	+	6.545)	/	293.545
	=	0.64

Greatime International Holdings (HKSE:00844) 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.

Greatime International Holdings Debt-to-Equity Related Terms

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Greatime International Holdings (HKSE:00844) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Greatime International Holdings Ltd (HKSE:00844) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 102 Renmin Dong Road, Shandong Province, Zhucheng, CHN

Website

http://www.greatimeintl.com

Greatime International Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the manufacture and sales of innerwear and fabrics. The company's operating segment includes Innerwear Products segment and Knitted Fabrics segment. Innerwear Products segment is engaged in the manufacturing and sale of and provision of processing services on innerwear and garments. Its products include underwear and underpants for men and women and bibs for infants, among others. Knitted Fabrics segment is engaged in the manufacturing and sale of and provision of processing services on knitted fabrics. The company operates businesses in Japan, the People's Republic of China, United States, Africa, Italy, Myanmar, and Hong Kong.

Executives

Wang Guangxi
Nan Jing Yong Tai Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Yong Tai Ke Ji Tou Zi You Xian Gong Si
Yong Tai Ji Tuan You Xian Gong Si Yong Tai Kong Gu Ji Tuan You Xian Gong Si
Junfun Investment Limited	2101 Beneficial owner
Guo Tianshu
Joint Full International Limited

Greatime International Holdings (HKSE:00844) Headlines

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