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Top Wealth Group Holding (Top Wealth Group Holding) Debt-to-Equity : 0.17 (As of Jun. 2023)


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What is Top Wealth Group Holding Debt-to-Equity?

Top Wealth Group Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.67 Mil. Top Wealth Group Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.01 Mil. Top Wealth Group Holding's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $3.97 Mil. Top Wealth Group Holding's debt to equity for the quarter that ended in Jun. 2023 was 0.17.

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 Top Wealth Group Holding's Debt-to-Equity or its related term are showing as below:

TWG' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.49   Med: 0.03   Max: 0.17
Current: 0.17

During the past 2 years, the highest Debt-to-Equity Ratio of Top Wealth Group Holding was 0.17. The lowest was -0.49. And the median was 0.03.

TWG's Debt-to-Equity is ranked better than
78.7% of 277 companies
in the Retail - Defensive industry
Industry Median: 0.6 vs TWG: 0.17

Top Wealth Group Holding Debt-to-Equity Historical Data

The historical data trend for Top Wealth Group Holding'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.

Top Wealth Group Holding Debt-to-Equity Chart

Top Wealth Group Holding Annual Data
Trend Dec21 Dec22
Debt-to-Equity
-0.49 0.03

Top Wealth Group Holding Semi-Annual Data
Dec21 Jun22 Dec22 Jun23
Debt-to-Equity -0.49 N/A 0.03 0.17

Competitive Comparison of Top Wealth Group Holding's Debt-to-Equity

For the Food Distribution subindustry, Top Wealth Group Holding'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.

Top Wealth Group Holding's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Top Wealth Group Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Top Wealth Group Holding's Debt-to-Equity falls into.


Top Wealth Group Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Top Wealth Group Holding's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
=(0.053 + 0.018) / 2.512
=0.03

Top Wealth Group Holding's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(0.669 + 0.008) / 3.971
=0.17

* 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.

Top Wealth Group Holding  (NAS:TWG) 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.

Top Wealth Group Holding Debt-to-Equity Related Terms

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Top Wealth Group Holding (Top Wealth Group Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Top Wealth Group Holding Ltd (NAS:TWG) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
118 Connaught Road West, 7F, Hong Kong Plaza, Units 714 & 715, Hong Kong, HKG
Website
https://www.imperialcristalcaviar.com
Top Wealth Group Holding Ltd is as supplier of caviar and offer caviar-based gourmet products. It is specialized in supplying high quality sturgeons caviar.

Top Wealth Group Holding (Top Wealth Group Holding) Headlines

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