Plateau Treasures (HKSE:08402) Debt-to-Equity : 0.39 (As of Dec. 2023)

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What is Plateau Treasures Debt-to-Equity?

Plateau Treasures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$9.3 Mil. Plateau Treasures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$13.2 Mil. Plateau Treasures's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$57.1 Mil. Plateau Treasures's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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 Plateau Treasures's Debt-to-Equity or its related term are showing as below:

HKSE:08402' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.28 Max: 0.44
Current: 0.39

During the past 9 years, the highest Debt-to-Equity Ratio of Plateau Treasures was 0.44. The lowest was 0.18. And the median was 0.28.

HKSE:08402's Debt-to-Equity is ranked better than
53.41% of 558 companies
in the Steel industry
Industry Median: 0.415 vs HKSE:08402: 0.39

Plateau Treasures Debt-to-Equity Historical Data

The historical data trend for Plateau Treasures'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.

Plateau Treasures Debt-to-Equity Chart

Plateau Treasures Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.18

0.28

0.27

0.33

0.39

Plateau Treasures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.33	N/A	0.16	N/A	0.39

Competitive Comparison of Plateau Treasures's Debt-to-Equity

For the Steel subindustry, Plateau Treasures'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.

Plateau Treasures's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Plateau Treasures's Debt-to-Equity distribution charts can be found below:

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

Plateau Treasures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Plateau Treasures'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
	=	(9.263	+	13.185)	/	57.062
	=	0.39

Plateau Treasures'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
	=	(9.263	+	13.185)	/	57.062
	=	0.39

Plateau Treasures (HKSE:08402) 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.

Plateau Treasures Debt-to-Equity Related Terms

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

Plateau Treasures (HKSE:08402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Plateau Treasures Ltd (HKSE:08402) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Woodlands Industrial Park E3, Singapore, SGP, 757842

Website

https://www.8402.com.hk

Plateau Treasures Ltd is an independent structural steel manufacturer. It is a professional steel structure engineering company that innovatively designs, supplies, manufactures, and installs a variety of standardized and customized steel structures.

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