Topsports International Holdings (HKSE:06110) Debt-to-Equity

: 0.43 (As of Aug. 2023)

View and export this data going back to 2019. Start your Free Trial

Topsports International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was HK$2,943 Mil. Topsports International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was HK$1,599 Mil. Topsports International Holdings's Total Stockholders Equity for the quarter that ended in Aug. 2023 was HK$10,617 Mil. Topsports International Holdings's debt to equity for the quarter that ended in Aug. 2023 was 0.43.

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

HKSE:06110' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.52 Max: 2.36
Current: 0.43

During the past 7 years, the highest Debt-to-Equity Ratio of Topsports International Holdings was 2.36. The lowest was 0.34. And the median was 0.52.

HKSE:06110's Debt-to-Equity is ranked better than
60.3% of 1005 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs HKSE:06110: 0.43

Topsports International Holdings Debt-to-Equity Historical Data

The historical data trend for Topsports International 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.

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

Get a 7-Day Free Trial

2.36

0.59

0.51

0.34

0.43

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial								0.38	0.34	0.52	0.43	0.43

Competitive Comparison

For the Apparel Retail subindustry, Topsports International 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.

Topsports International Holdings Debt-to-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Topsports International Holdings's Debt-to-Equity distribution charts can be found below:

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

Topsports International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Topsports International Holdings's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(3127.938	+	1700.014)	/	11284.768
	=	0.43

Topsports International Holdings's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(2942.933	+	1599.465)	/	10617.32
	=	0.43

Topsports International Holdings (HKSE:06110) 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.

Topsports International Holdings Debt-to-Equity Related Terms

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

Topsports International Holdings (HKSE:06110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

No Headlines