Second Chance Properties (SGX:528) Debt-to-Equity : 0.27 (As of Feb. 2024)

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What is Second Chance Properties Debt-to-Equity?

Second Chance Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was S$74.82 Mil. Second Chance Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was S$0.84 Mil. Second Chance Properties's Total Stockholders Equity for the quarter that ended in Feb. 2024 was S$279.81 Mil. Second Chance Properties's debt to equity for the quarter that ended in Feb. 2024 was 0.27.

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 Second Chance Properties's Debt-to-Equity or its related term are showing as below:

SGX:528' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.25 Max: 0.46
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Second Chance Properties was 0.46. The lowest was 0.07. And the median was 0.25.

SGX:528's Debt-to-Equity is ranked better than
70.73% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs SGX:528: 0.27

Second Chance Properties Debt-to-Equity Historical Data

The historical data trend for Second Chance Properties'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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Second Chance Properties Debt-to-Equity Chart

Second Chance Properties Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.08

0.13

0.41

0.40

0.32

Second Chance Properties Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.46	0.40	0.23	0.32	0.27

Competitive Comparison of Second Chance Properties's Debt-to-Equity

For the Luxury Goods subindustry, Second Chance Properties'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.

Second Chance Properties's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Second Chance Properties's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Second Chance Properties's Debt-to-Equity falls into.

Second Chance Properties Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Second Chance Properties's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(91.531	+	0)	/	283.285
	=	0.32

Second Chance Properties's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(74.816	+	0.842)	/	279.812
	=	0.27

Second Chance Properties (SGX:528) 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.

Second Chance Properties Debt-to-Equity Related Terms

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

Second Chance Properties (SGX:528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Second Chance Properties Ltd (SGX:528) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 07-20 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.secondchance.com.sg

Second Chance Properties Ltd is a Singapore-based investment holding company, retailing of readymade garments, holding of property as investment for rental income and investing in securities. The company operates in four segments: Wearing apparel; Gold & jewelry, which is the key revenue generator; Investment dealing; and Property rental. Its geographical segments include Singapore and Malaysia, of which the vast majority of the revenue comes from Singapore.

Second Chance Properties (SGX:528) Headlines

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