Hong Kong Resources Holdings Co (HKSE:02882) Debt-to-Equity : -8.23 (As of Dec. 2023)

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What is Hong Kong Resources Holdings Co Debt-to-Equity?

Hong Kong Resources Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,854.0 Mil. Hong Kong Resources Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$108.1 Mil. Hong Kong Resources Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-238.4 Mil. Hong Kong Resources Holdings Co's debt to equity for the quarter that ended in Dec. 2023 was -8.23.

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

HKSE:02882' s Debt-to-Equity Range Over the Past 10 Years
Min: -337.24 Med: -2.91 Max: 19.71
Current: -8.23

During the past 13 years, the highest Debt-to-Equity Ratio of Hong Kong Resources Holdings Co was 19.71. The lowest was -337.24. And the median was -2.91.

HKSE:02882's Debt-to-Equity is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.62 vs HKSE:02882: -8.23

Hong Kong Resources Holdings Co Debt-to-Equity Historical Data

The historical data trend for Hong Kong Resources 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.

Hong Kong Resources Holdings Co Debt-to-Equity Chart

Hong Kong Resources Holdings Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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-337.24

-33.72

-25.62

-21.77

-10.01

Hong Kong Resources Holdings 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															-40.52	-21.77	-13.05	-10.01	-8.23

Competitive Comparison of Hong Kong Resources Holdings Co's Debt-to-Equity

For the Luxury Goods subindustry, Hong Kong Resources 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.

Hong Kong Resources Holdings Co's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hong Kong Resources Holdings Co's Debt-to-Equity distribution charts can be found below:

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

Hong Kong Resources Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hong Kong Resources Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(1816.412	+	102.118)	/	-191.723
	=	-10.01

Hong Kong Resources 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
	=	(1853.956	+	108.13)	/	-238.373
	=	-8.23

Hong Kong Resources Holdings Co (HKSE:02882) 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.

Hong Kong Resources Holdings Co Debt-to-Equity Related Terms

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

Hong Kong Resources Holdings Co (HKSE:02882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hong Kong Resources Holdings Co Ltd (HKSE:02882) » Definitions » Debt-to-Equity

Traded in Other Exchanges

HKRHF:USA

Address

No.89 Queensway, Tower One, Room 2306, 23/F, Lippo Centre, Hong Kong, HKG

Website

http://www.hkrh.hk

Hong Kong Resources Holdings Co Ltd is principally engaged in retailing, through self-operated points of sale as well as franchising of gold and jewellery products. The business operates in segments that include Retail sales and franchising operations for selling gold and jewellery products in Mainland China, which generates the majority of revenue, Retail sales operations for selling gold and jewellery products in Hong Kong and Macau and Wholesales and subcontracting operations for gold and jewellery products in Mainland China and New media marketing service business in Mainland China.

Executives

Cheung Irene	2202 Interest of your spouse
Wong Ho Lung, Danny	2305 Beneficiary of a trust
Wong Lan Sze, Nancy	2305 Beneficiary of a trust
Luk Chui Yee	2307 Founder of a discretionary trust who can infl
Wong Wai Sheung	2307 Founder of a discretionary trust who can infl
Luk Fook 3d Investment Holding Company Limited	2101 Beneficial owner
Luk Fook Holdings (international) Limited	2201 Interest of corporation controlled by you
Bos Trustee Limited As Trustee	2201 Interest of corporation controlled by you
Lf Holding Services Limited	2201 Interest of corporation controlled by you
Luk Fook (control) Limited	2201 Interest of corporation controlled by you
Hao Yuan Yuan	2201 Interest of corporation controlled by you
Well Pop Group Limited	2101 Beneficial owner
Wang Chaoguang	2201 Interest of corporation controlled by you
Li Ning	2201 Interest of corporation controlled by you
Eminent Rise Holdings Limited	2101 Beneficial owner

Hong Kong Resources Holdings Co (HKSE:02882) Headlines

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