Anchorstone Holdings (HKSE:01592) Debt-to-Equity : 1.71 (As of Dec. 2023)

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What is Anchorstone Holdings Debt-to-Equity?

Anchorstone Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$33.59 Mil. Anchorstone Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$26.48 Mil. Anchorstone Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$35.25 Mil. Anchorstone Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.70.

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

HKSE:01592' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.78 Med: 1.71 Max: 62.03
Current: 1.71

During the past 9 years, the highest Debt-to-Equity Ratio of Anchorstone Holdings was 62.03. The lowest was 0.78. And the median was 1.71.

HKSE:01592's Debt-to-Equity is ranked worse than
88.74% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:01592: 1.71

Anchorstone Holdings Debt-to-Equity Historical Data

The historical data trend for Anchorstone 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.

Anchorstone Holdings Debt-to-Equity Chart

Anchorstone Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.99

1.32

1.65

1.71

Anchorstone Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											1.65	1.49	1.71	1.43	1.71

Competitive Comparison of Anchorstone Holdings's Debt-to-Equity

For the Building Products & Equipment subindustry, Anchorstone 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.

Anchorstone Holdings's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Anchorstone Holdings's Debt-to-Equity distribution charts can be found below:

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

Anchorstone Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Anchorstone 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
	=	(33.592	+	26.484)	/	35.245
	=	1.70

Anchorstone 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
	=	(33.592	+	26.484)	/	35.245
	=	1.70

Anchorstone Holdings (HKSE:01592) 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.

Anchorstone Holdings Debt-to-Equity Related Terms

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

Anchorstone Holdings (HKSE:01592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Anchorstone Holdings Ltd (HKSE:01592) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 On Yiu Street, Unit 1501–1502, 15th floor, Delta House, Shatin New Territories, Hong Kong, HKG

Website

https://www.anchorstone.com.hk

Anchorstone Holdings Ltd is an investment holding company. The company supplies marble and granite and provides relevant installation services for construction projects. It operates in two segments: Supply & installation service and Stone sales. The company offers services for buildings and property, including commercial buildings, residential buildings, hotels, and public infrastructures. The majority of the revenue is generated from the Supply and installation service. Its geographical segments are Hong Kong and Macau, out of which Hong Kong accounts for the majority of the revenue.

Executives

Pmg Investments Limited	2101 Beneficial owner
Lui Yue Yun Gary	2201 Interest of corporation controlled by you
Pacific Marble & Granite Holdings (bvi) Ltd.	2201 Interest of corporation controlled by you
Choi Hok Ya	2101 Beneficial owner

Anchorstone Holdings (HKSE:01592) Headlines

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