XiangXing International Holding (HKSE:01732) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is XiangXing International Holding Debt-to-Equity?

XiangXing International Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.8 Mil. XiangXing International Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.7 Mil. XiangXing International Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$217.8 Mil. XiangXing International Holding's debt to equity for the quarter that ended in Dec. 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 XiangXing International Holding's Debt-to-Equity or its related term are showing as below:

HKSE:01732' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.12
Current: 0.01

During the past 10 years, the highest Debt-to-Equity Ratio of XiangXing International Holding was 0.12. The lowest was 0.01. And the median was 0.08.

HKSE:01732's Debt-to-Equity is ranked better than
99.89% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs HKSE:01732: 0.01

XiangXing International Holding Debt-to-Equity Historical Data

The historical data trend for XiangXing International Holding'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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XiangXing International Holding Debt-to-Equity Chart

XiangXing International Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.12

0.08

0.06

0.01

XiangXing International Holding Semi-Annual Data
	Dec14	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													0.08	0.07	0.06	0.01	0.01

Competitive Comparison of XiangXing International Holding's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, XiangXing International Holding'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.

XiangXing International Holding's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, XiangXing International Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where XiangXing International Holding's Debt-to-Equity falls into.

XiangXing International Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

XiangXing International Holding'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
	=	(0.794	+	0.74)	/	217.82
	=	0.01

XiangXing International Holding'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
	=	(0.794	+	0.74)	/	217.82
	=	0.01

XiangXing International Holding (HKSE:01732) 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.

XiangXing International Holding Debt-to-Equity Related Terms

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XiangXing International Holding (HKSE:01732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » XiangXing International Holding Ltd (HKSE:01732) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 233 Jiangang Road, Xiamen Area (Bonded Port), China (Fujian) Pilot Free Trade Zone, Haicang District, Fujian Province, Xiamen City, CHN

Website

http://www.xxlt.com.cn

XiangXing International Holding Ltd is an investment holding company. The operating segments of the group are Import and export agency services; Container and stone blocks road freight forwarding services; Intra-port ancillary services; Intra-port container transportation services; and Trading of building materials and automobile accessories. Geographically, the operations of the company are carried out in the PRC.

XiangXing International Holding (HKSE:01732) Headlines

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