Neway Group Holdings (HKSE:00055) Debt-to-Equity : 0.20 (As of Jun. 2023)

View and export this data going back to 1992. Start your Free Trial

What is Neway Group Holdings Debt-to-Equity?

Neway Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$87.7 Mil. Neway Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$56.6 Mil. Neway Group Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$718.7 Mil. Neway Group Holdings's debt to equity for the quarter that ended in Jun. 2023 was 0.20.

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

HKSE:00055' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.23
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Neway Group Holdings was 0.23. The lowest was 0.00. And the median was 0.08.

HKSE:00055's Debt-to-Equity is ranked better than
65.7% of 930 companies
in the Business Services industry
Industry Median: 0.395 vs HKSE:00055: 0.20

Neway Group Holdings Debt-to-Equity Historical Data

The historical data trend for Neway 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.

Neway Group Holdings Debt-to-Equity Chart

Neway Group Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.17

0.16

0.15

0.23

0.20

Neway Group Holdings Semi-Annual Data
	Mar14	Sep14	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															0.15	0.18	0.23	0.20	0.20

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

For the Specialty Business Services subindustry, Neway 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.

Neway Group Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Neway Group Holdings's Debt-to-Equity distribution charts can be found below:

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

Neway Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Neway Group Holdings'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
	=	(85.727	+	93.185)	/	791.974
	=	0.23

Neway Group Holdings'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
	=	(87.665	+	56.554)	/	718.652
	=	0.20

Neway Group Holdings (HKSE:00055) 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.

Neway Group Holdings Debt-to-Equity Related Terms

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

Neway Group Holdings (HKSE:00055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Neway Group Holdings Ltd (HKSE:00055) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

193 Prince Edward Road West, Units Nos 1103 and 1105-1111, Level 11, Tower 2, Grand Century Place, Mongkok, Kowloon, Hong Kong, HKG

Website

https://www.newaygroup.com.hk

Neway Group Holdings Ltd is engaged in the businesses of Lending; Manufacturing and sales; Music and entertainment; Property development; Property investment; Securities trading; and Trading of printing and other products. It derives key revenue from the Manufacturing and sales business which involves the business of manufacturing and sales of printing products, such as packaging boxes, labels, paper products and paper shopping bags, with a customer base; and the manufacturing and sales of surgical masks, with a Hong Kong customer base. The group has a business presence in Hong Kong, the PRC, Europe, the United States and other countries.

Neway Group Holdings (HKSE:00055) Headlines

No Headlines