Prosperous Future Holdings (Prosperous Future Holdings) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Prosperous Future Holdings Debt-to-Equity?

Prosperous Future Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.86 Mil. Prosperous Future Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.81 Mil. Prosperous Future Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $76.77 Mil. Prosperous Future Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

PRFUF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.15 Max: 0.27
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Prosperous Future Holdings was 0.27. The lowest was 0.04. And the median was 0.15.

PRFUF's Debt-to-Equity is ranked better than
90.61% of 1650 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs PRFUF: 0.04

Prosperous Future Holdings Debt-to-Equity Historical Data

The historical data trend for Prosperous Future 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.

Prosperous Future Holdings Debt-to-Equity Chart

Prosperous Future Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.18

0.27

0.26

0.05

0.04

Prosperous Future Holdings 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															0.26	0.29	0.05	0.04	0.04

Competitive Comparison of Prosperous Future Holdings's Debt-to-Equity

For the Household & Personal Products subindustry, Prosperous Future 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.

Prosperous Future Holdings's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Prosperous Future Holdings's Debt-to-Equity distribution charts can be found below:

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

Prosperous Future Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prosperous Future 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
	=	(1.864	+	0.811)	/	76.771
	=	0.03

Prosperous Future 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
	=	(1.864	+	0.811)	/	76.771
	=	0.03

Prosperous Future Holdings (OTCPK:PRFUF) 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.

Prosperous Future Holdings Debt-to-Equity Related Terms

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Prosperous Future Holdings (Prosperous Future Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Prosperous Future Holdings Ltd (OTCPK:PRFUF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

01259:Hong Kong

Address

Nos. 19-20 Connaught Road Central, 17th floor, Fung House, Central, HKG, 363005

Website

https://www.pfh.hk

Prosperous Future Holdings Ltd is an investment holding company. Its segments include Personal care products, Food and beverage, Financial services, Property holding, and others. It derives a majority of its revenue from the manufacture and sale of skincare, body, and hair care products. Its geographical operations are spread across PRC (excluding Hong Kong); the United Kingdom; the USA: Hong Kong; and Overseas (excluding the USA and United Kingdom).

Prosperous Future Holdings (Prosperous Future Holdings) Headlines

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