Virtual Mind Holding Co (HKSE:01520) Debt-to-Equity : 0.22 (As of Dec. 2023)

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What is Virtual Mind Holding Co Debt-to-Equity?

Virtual Mind Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$6.48 Mil. Virtual Mind Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$26.43 Mil. Virtual Mind Holding Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$148.11 Mil. Virtual Mind Holding Co's debt to equity for the quarter that ended in Dec. 2023 was 0.22.

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 Virtual Mind Holding Co's Debt-to-Equity or its related term are showing as below:

HKSE:01520' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.22
Current: 0.22

During the past 12 years, the highest Debt-to-Equity Ratio of Virtual Mind Holding Co was 0.22. The lowest was 0.00. And the median was 0.03.

HKSE:01520's Debt-to-Equity is ranked better than
69.02% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:01520: 0.22

Virtual Mind Holding Co Debt-to-Equity Historical Data

The historical data trend for Virtual Mind Holding 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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Virtual Mind Holding Co Debt-to-Equity Chart

Virtual Mind Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.02

0.04

0.15

0.22

Virtual Mind Holding Co 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															0.04	0.11	0.15	0.15	0.22

Competitive Comparison of Virtual Mind Holding Co's Debt-to-Equity

For the Apparel Manufacturing subindustry, Virtual Mind Holding 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.

Virtual Mind Holding Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Virtual Mind Holding Co's Debt-to-Equity falls into.

Virtual Mind Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Virtual Mind Holding 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
	=	(6.483	+	26.425)	/	148.113
	=	0.22

Virtual Mind Holding Co'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
	=	(6.483	+	26.425)	/	148.113
	=	0.22

Virtual Mind Holding Co (HKSE:01520) 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.

Virtual Mind Holding Co Debt-to-Equity Related Terms

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Virtual Mind Holding Co (HKSE:01520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Virtual Mind Holding Co Ltd (HKSE:01520) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

538 Castle Peak Road, Room 2511-15, 25 Floor, Peninsula Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.vmh.com.hk

Virtual Mind Holding Co Ltd is engaged in designing, manufacturing, and trading apparel; provision of money lending business, namely money lending operation; selling of gaming and animated characters related products, namely IP application and products operation. It offers women's fashion outerwear such as coats and jackets, dresses, activewear, and pants. Majority of the revenue is generated from the Design, manufacture, and trading of the apparel segment. Geographically, it derives the majority of revenue from The PRC and also has a presence in Hong Kong and The USA.

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