Wang On Group (HKSE:01222) Debt-to-Equity : 1.11 (As of Sep. 2023)

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What is Wang On Group Debt-to-Equity?

Wang On Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$3,598 Mil. Wang On Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2,939 Mil. Wang On Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$5,901 Mil. Wang On Group's debt to equity for the quarter that ended in Sep. 2023 was 1.11.

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 Wang On Group's Debt-to-Equity or its related term are showing as below:

HKSE:01222' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.93 Max: 1.27
Current: 1.11

During the past 13 years, the highest Debt-to-Equity Ratio of Wang On Group was 1.27. The lowest was 0.32. And the median was 0.93.

HKSE:01222's Debt-to-Equity is ranked worse than
70.55% of 472 companies
in the Conglomerates industry
Industry Median: 0.555 vs HKSE:01222: 1.11

Wang On Group Debt-to-Equity Historical Data

The historical data trend for Wang On Group'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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Wang On Group Debt-to-Equity Chart

Wang On Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.94

1.02

1.22

1.27

1.06

Wang On Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.18	1.27	1.15	1.06	1.11

Competitive Comparison of Wang On Group's Debt-to-Equity

For the Conglomerates subindustry, Wang On Group'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.

Wang On Group's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Wang On Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wang On Group's Debt-to-Equity falls into.

Wang On Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wang On Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(3176.66	+	3069.908)	/	5916.307
	=	1.06

Wang On Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3597.646	+	2938.699)	/	5900.868
	=	1.11

Wang On Group (HKSE:01222) 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.

Wang On Group Debt-to-Equity Related Terms

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Wang On Group (HKSE:01222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wang On Group Ltd (HKSE:01222) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.wangon.com

Wang On Group Ltd is an investment holding company engaged in property development businesses. It operates in five business segments. The Property Development segment is engaged in the development of properties. The Property Investment segment is engaged in investment in industrial and commercial premises and residential units for rental or for sale. The Fresh markets segment is engaged in the management and sub-licensing of fresh markets and butchery business. The Pharmaceutical segment engages in the production and sale of pharmaceutical and health food products. The Treasury management segment engages in the provision of finance and investments in debt and other securities which earn interest income.

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