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Luxking Group Holdings (SGX:BKK) Debt-to-Equity : 0.70 (As of Dec. 2023)


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What is Luxking Group Holdings Debt-to-Equity?

Luxking Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$17.77 Mil. Luxking Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.02 Mil. Luxking Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$25.48 Mil. Luxking Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.70.

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

SGX:BKK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55   Med: 0.88   Max: 1.38
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of Luxking Group Holdings was 1.38. The lowest was 0.55. And the median was 0.88.

SGX:BKK's Debt-to-Equity is ranked worse than
72.99% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs SGX:BKK: 0.70

Luxking Group Holdings Debt-to-Equity Historical Data

The historical data trend for Luxking Group 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.

Luxking Group Holdings Debt-to-Equity Chart

Luxking Group Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.15 0.85 0.66 0.90 0.87

Luxking Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 0.90 0.78 0.87 0.70

Competitive Comparison of Luxking Group Holdings's Debt-to-Equity

For the Specialty Chemicals subindustry, Luxking Group 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.


Luxking Group Holdings's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Luxking Group Holdings's Debt-to-Equity distribution charts can be found below:

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



Luxking Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Luxking Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Luxking Group Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Luxking Group Holdings  (SGX:BKK) 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.


Luxking Group Holdings Debt-to-Equity Related Terms

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


Luxking Group Holdings (SGX:BKK) Business Description

Traded in Other Exchanges
N/A
Address
Lianfeng Road, Jiu Zhouji, Xiaolan Town, Guangdong Province, Zhongshan, CHN, 528415
Luxking Group Holdings Ltd is an investment holding company. The company's operating segment includes Manufacture of General Tapes; Manufacture of Industrial Tapes; Manufacture of biaxially oriented polypropylene (BOPP) films and Trading of tapes and BOPP films. It generates maximum revenue from the Manufacture of biaxially oriented polypropylene (BOPP) films segment. The Manufacture of BOPP films segment manufacture and distributes BOPP films for packaging in industries, such as food, pharmaceutical, medical and electrical industries. Geographically, it derives a majority of revenue from the PRC and also has a presence in Hong Kong and Other countries.