Sang Hing Holdings (International) (HKSE:01472) Debt-to-Equity : 0.01 (As of Sep. 2023)

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Sang Hing Holdings (International) Debt-to-Equity Definition

Sang Hing Holdings (International)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.2 Mil. Sang Hing Holdings (International)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.7 Mil. Sang Hing Holdings (International)'s Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$302.5 Mil. Sang Hing Holdings (International)'s debt to equity for the quarter that ended in Sep. 2023 was 0.01.

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 Sang Hing Holdings (International)'s Debt-to-Equity or its related term are showing as below:

HKSE:01472' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.05
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Sang Hing Holdings (International) was 0.05. The lowest was 0.00. And the median was 0.01.

HKSE:01472's Debt-to-Equity is ranked better than
99.93% of 1505 companies
in the Construction industry
Industry Median: 0.43 vs HKSE:01472: 0.01

Sang Hing Holdings (International) Debt-to-Equity Historical Data

The historical data trend for Sang Hing Holdings (International)'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.

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Sang Hing Holdings (International) Debt-to-Equity Chart

Sang Hing Holdings (International) Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

Sang Hing Holdings (International) Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial							-	-	0.01	0.01	0.01

Competitive Comparison of Sang Hing Holdings (International)'s Debt-to-Equity

For the Engineering & Construction subindustry, Sang Hing Holdings (International)'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.

Sang Hing Holdings (International) Debt-to-Equity Distribution

For the Construction industry and Industrials sector, Sang Hing Holdings (International)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sang Hing Holdings (International)'s Debt-to-Equity falls into.

Sang Hing Holdings (International) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sang Hing Holdings (International)'s Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1.152	+	1.06)	/	309.384
	=	0.01

Sang Hing Holdings (International)'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
	=	(1.225	+	0.678)	/	302.466
	=	0.01

Sang Hing Holdings (International) (HKSE:01472) 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.

Sang Hing Holdings (International) Debt-to-Equity Related Terms

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Sang Hing Holdings (International) (HKSE:01472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sang Hing Holdings (International) Ltd (HKSE:01472) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Tin Hau Road, Room 215A-B, 2nd Floor, Central Services Building, Nan Fung Industrial City, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.sang-hing.com.hk

Sang Hing Holdings (International) Ltd is an investment holding company engaged in civil engineering works in Hong Kong. The company provides a variety of civil engineering works, including site formation, road and bridge construction, drainage and sewerage construction, water main installation, and slope works.

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