Vanov Holdings Co (HKSE:02260) Debt-to-Equity : 0.83 (As of Dec. 2023)

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What is Vanov Holdings Co Debt-to-Equity?

Vanov Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$131.5 Mil. Vanov Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$238.1 Mil. Vanov Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$443.7 Mil. Vanov Holdings Co's debt to equity for the quarter that ended in Dec. 2023 was 0.83.

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

HKSE:02260' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 0.78 Max: 1.6
Current: 0.83

During the past 6 years, the highest Debt-to-Equity Ratio of Vanov Holdings Co was 1.60. The lowest was 0.61. And the median was 0.78.

HKSE:02260's Debt-to-Equity is ranked worse than
69.43% of 265 companies
in the Forest Products industry
Industry Median: 0.5 vs HKSE:02260: 0.83

Vanov Holdings Co Debt-to-Equity Historical Data

The historical data trend for Vanov Holdings 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.

* Premium members only.

Vanov Holdings Co Debt-to-Equity Chart

Vanov Holdings Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.98

0.73

0.62

0.61

0.83

Vanov Holdings Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.62	0.52	0.61	0.79	0.83

Competitive Comparison of Vanov Holdings Co's Debt-to-Equity

For the Paper & Paper Products subindustry, Vanov Holdings 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.

Vanov Holdings Co's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Vanov Holdings Co's Debt-to-Equity distribution charts can be found below:

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

Vanov Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vanov Holdings 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
	=	(131.486	+	238.12)	/	443.698
	=	0.83

Vanov Holdings 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
	=	(131.486	+	238.12)	/	443.698
	=	0.83

Vanov Holdings Co (HKSE:02260) 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.

Vanov Holdings Co Debt-to-Equity Related Terms

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

Vanov Holdings Co (HKSE:02260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Vanov Holdings Co Ltd (HKSE:02260) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 519, Section 2, Xinhua Avenue, Chengdu Strait Science and Technology, Industry Development Park, Sichuan Province, Wenjiang District, Chengdu, CHN

Website

http://www.canov.cn

Vanov Holdings Co Ltd is an investment holding company and its subsidiaries are principally engaged in the design, manufacture and sales of papermaking felts. The company has its variety of products which includes Packaging papermaking felts, Specialty papermaking felts, Printing papermaking felts, Printing papermaking felts, Pulp papermaking felts. The company generates majority of its revenue from The PRC region.

Vanov Holdings Co (HKSE:02260) Headlines

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