Minshang Creative Technology Holdings (HKSE:01632) Debt-to-Equity : 0.01 (As of Sep. 2023)

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What is Minshang Creative Technology Holdings Debt-to-Equity?

Minshang Creative Technology Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.1 Mil. Minshang Creative Technology Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.0 Mil. Minshang Creative Technology Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$183.7 Mil. Minshang Creative Technology Holdings'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 Minshang Creative Technology Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01632' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.51
Current: 0.01

During the past 10 years, the highest Debt-to-Equity Ratio of Minshang Creative Technology Holdings was 0.51. The lowest was 0.01. And the median was 0.08.

HKSE:01632's Debt-to-Equity is ranked better than
99.95% of 2193 companies
in the Hardware industry
Industry Median: 0.28 vs HKSE:01632: 0.01

Minshang Creative Technology Holdings Debt-to-Equity Historical Data

The historical data trend for Minshang Creative Technology 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.

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Minshang Creative Technology Holdings Debt-to-Equity Chart

Minshang Creative Technology Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.51

0.21

0.09

0.05

Minshang Creative Technology Holdings Semi-Annual Data
	Mar14	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														0.19	0.09	0.05	0.05	0.01

Competitive Comparison of Minshang Creative Technology Holdings's Debt-to-Equity

For the Electronics & Computer Distribution subindustry, Minshang Creative Technology 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.

Minshang Creative Technology Holdings's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Minshang Creative Technology Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Minshang Creative Technology Holdings's Debt-to-Equity falls into.

Minshang Creative Technology Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Minshang Creative Technology Holdings'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
	=	(6.101	+	2.503)	/	171.305
	=	0.05

Minshang Creative Technology Holdings'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
	=	(1.094	+	0)	/	183.693
	=	0.01

Minshang Creative Technology Holdings (HKSE:01632) 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.

Minshang Creative Technology Holdings Debt-to-Equity Related Terms

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Minshang Creative Technology Holdings (HKSE:01632) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minshang Creative Technology Holdings Ltd (HKSE:01632) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

89 Queensway, Unit 4203, 42nd Floor, Tower One Lippo Centre, Admiralty, Hong Kong, HKG

Website

http://www.minshangct.com

Minshang Creative Technology Holdings Ltd is an investment holding company. The company's operating segment includes the Vietnamese-style restaurant business in Hong Kong, Trading business in the PRC, and IT solution business. It generates maximum revenue from the Trading business segment. The Trading business segment focuses on offering 3C electronic products, frozen foods, and grain and oil products. Geographically, it derives a majority of revenue from China.

Minshang Creative Technology Holdings (HKSE:01632) Headlines

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