Infinity Development Holdings Company (HKSE:00640) Debt-to-Equity : 0.17 (As of Sep. 2023)

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What is Infinity Development Holdings Company Debt-to-Equity?

Infinity Development Holdings Company's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$87.9 Mil. Infinity Development Holdings Company's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.3 Mil. Infinity Development Holdings Company's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$513.4 Mil. Infinity Development Holdings Company's debt to equity for the quarter that ended in Sep. 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 Infinity Development Holdings Company's Debt-to-Equity or its related term are showing as below:

HKSE:00640' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.17
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Infinity Development Holdings Company was 0.17. The lowest was 0.01. And the median was 0.09.

HKSE:00640's Debt-to-Equity is ranked better than
68.24% of 1398 companies
in the Chemicals industry
Industry Median: 0.35 vs HKSE:00640: 0.17

Infinity Development Holdings Company Debt-to-Equity Historical Data

The historical data trend for Infinity Development Holdings Company'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.

Infinity Development Holdings Company Debt-to-Equity Chart

Infinity Development Holdings Company Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.01

0.09

0.10

0.08

0.17

Infinity Development Holdings Company Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.08	0.08	0.13	0.17

Competitive Comparison of Infinity Development Holdings Company's Debt-to-Equity

For the Specialty Chemicals subindustry, Infinity Development Holdings Company'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.

Infinity Development Holdings Company's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Infinity Development Holdings Company's Debt-to-Equity falls into.

Infinity Development Holdings Company Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Infinity Development Holdings Company's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(87.947	+	1.311)	/	513.42
	=	0.17

Infinity Development Holdings Company's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(87.947	+	1.311)	/	513.42
	=	0.17

Infinity Development Holdings Company (HKSE:00640) 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.

Infinity Development Holdings Company Debt-to-Equity Related Terms

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

Infinity Development Holdings Company (HKSE:00640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Infinity Development Holdings Company Ltd (HKSE:00640) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

16 Andar A-D, Macau Finance Centre, Rua de Pequim No. 202A-246, Macau, MAC

Website

http://www.infinitydevelopment.com.hk

Infinity Development Holdings Company Ltd is an investment holding company. The company focuses on manufacturing and selling adhesives, primers, hardeners, vulcanized shoes, and adhesive related products for the footwear industry. Its geographical segments include China, Singapore, India, Regions of Hong Kong, Macau and Taiwan, Vietnam and Cambodia, Indonesia, and Bangladesh, of which the vast majority of its revenue is generated from Vietnam and Cambodia.

Infinity Development Holdings Company (HKSE:00640) Headlines

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