Mainland Headwear Holdings (HKSE:01100) Debt-to-Equity : 0.19 (As of Dec. 2023)

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What is Mainland Headwear Holdings Debt-to-Equity?

Mainland Headwear Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$167 Mil. Mainland Headwear Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$48 Mil. Mainland Headwear Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,111 Mil. Mainland Headwear Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.19.

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

HKSE:01100' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.2 Max: 0.44
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Mainland Headwear Holdings was 0.44. The lowest was 0.06. And the median was 0.20.

HKSE:01100's Debt-to-Equity is ranked better than
72.76% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:01100: 0.19

Mainland Headwear Holdings Debt-to-Equity Historical Data

The historical data trend for Mainland Headwear 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.

Mainland Headwear Holdings Debt-to-Equity Chart

Mainland Headwear Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.44

0.36

0.30

0.19

Mainland Headwear 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															0.36	0.43	0.30	0.26	0.19

Competitive Comparison of Mainland Headwear Holdings's Debt-to-Equity

For the Footwear & Accessories subindustry, Mainland Headwear 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.

Mainland Headwear Holdings's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mainland Headwear Holdings's Debt-to-Equity distribution charts can be found below:

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

Mainland Headwear Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mainland Headwear Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(167.101	+	48.372)	/	1110.573
	=	0.19

Mainland Headwear Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(167.101	+	48.372)	/	1110.573
	=	0.19

Mainland Headwear Holdings (HKSE:01100) 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.

Mainland Headwear Holdings Debt-to-Equity Related Terms

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

Mainland Headwear Holdings (HKSE:01100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mainland Headwear Holdings Ltd (HKSE:01100) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Sheung Yuet Road, Rooms 2301–2305, 23rd Floor, FTLife Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.mainland.com.hk

Mainland Headwear Holdings Ltd is an investment holding company. The group is mainly engaged in the design, manufacture, and retail of quality casual headwear. The firm operates in two segments including Manufacturing and Trading. In the Manufacturing segment, it manufactures headwear products for sale to its Trading and Retail Business as well as to external customers. The trading segment includes trading and distribution of headwear, apparel, small leather goods, bags and accessories. The firm sells its products in overseas countries with the US as the main market, followed by the European market. The key revenue is derived from the Manufacturing segment.

Mainland Headwear Holdings (HKSE:01100) Headlines

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