Honma Golf (HKSE:06858) Debt-to-Equity : 0.31 (As of Sep. 2023)

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What is Honma Golf Debt-to-Equity?

Honma Golf's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$375 Mil. Honma Golf's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$91 Mil. Honma Golf's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$1,482 Mil. Honma Golf's debt to equity for the quarter that ended in Sep. 2023 was 0.31.

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 Honma Golf's Debt-to-Equity or its related term are showing as below:

HKSE:06858' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.33 Max: 0.78
Current: 0.31

During the past 10 years, the highest Debt-to-Equity Ratio of Honma Golf was 0.78. The lowest was 0.01. And the median was 0.33.

HKSE:06858's Debt-to-Equity is ranked better than
61.27% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:06858: 0.31

Honma Golf Debt-to-Equity Historical Data

The historical data trend for Honma Golf'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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Honma Golf Debt-to-Equity Chart

Honma Golf Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.13

0.50

0.49

0.38

0.36

Honma Golf Semi-Annual Data
	Mar14	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														0.41	0.38	0.35	0.36	0.31

Competitive Comparison of Honma Golf's Debt-to-Equity

For the Leisure subindustry, Honma Golf'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.

Honma Golf's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Honma Golf's Debt-to-Equity distribution charts can be found below:

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

Honma Golf Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Honma Golf'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
	=	(458.062	+	96.44)	/	1531.196
	=	0.36

Honma Golf'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
	=	(374.503	+	91.224)	/	1481.642
	=	0.31

Honma Golf (HKSE:06858) 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.

Honma Golf Debt-to-Equity Related Terms

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

Honma Golf (HKSE:06858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Honma Golf Ltd (HKSE:06858) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

35th Floor, Roppongi Hills, Mori Tower, P.O. Box No. 62, 6-10-1, Roppongi, Minatoku, Tokyo, JPN

Website

https://www.honmagolf.com

Honma Golf Ltd is an investment holding company. It is engaged in the design, manufacturing, and sale of golf-related products and the rendering of services relating to such products. Geographically, it derives a majority of revenue from Japan and also has a presence in Korea, China, North America, Europe, and the Rest of the world. The group currently offers golf clubs mainly under three major product families, namely BERES, TOUR WORLD and Be ZEAL.

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