Target Insurance (Holdings) (HKSE:06161) Debt-to-Equity : N/A (As of Jun. 2023)

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What is Target Insurance (Holdings) Debt-to-Equity?

Target Insurance (Holdings)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$0.00 Mil. Target Insurance (Holdings)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$0.00 Mil. Target Insurance (Holdings)'s Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$0.00 Mil.

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 Target Insurance (Holdings)'s Debt-to-Equity or its related term are showing as below:

HKSE:06161' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.2 Max: 0.59
Current: -1.11

During the past 10 years, the highest Debt-to-Equity Ratio of Target Insurance (Holdings) was 0.59. The lowest was 0.03. And the median was 0.20.

HKSE:06161's Debt-to-Equity is not ranked
in the Insurance industry.
Industry Median: 0.25 vs HKSE:06161: -1.11

Target Insurance (Holdings) Debt-to-Equity Historical Data

The historical data trend for Target Insurance (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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Target Insurance (Holdings) Debt-to-Equity Chart

Target Insurance (Holdings) Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.19

0.28

0.50

0.46

-1.11

Target Insurance (Holdings) Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial														0.50	0.53	0.46	N/A	N/A

Competitive Comparison of Target Insurance (Holdings)'s Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Target Insurance (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.

Target Insurance (Holdings)'s Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Target Insurance (Holdings)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Target Insurance (Holdings)'s Debt-to-Equity falls into.

Target Insurance (Holdings) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Target Insurance (Holdings)'s Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	281.946)	/	-253.612
	=	-1.11

Target Insurance (Holdings)'s Debt to Equity Ratio for the quarter that ended in Jun. 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	+	0)	/	0
	=	N/A

Target Insurance (Holdings) (HKSE:06161) 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.

Target Insurance (Holdings) Debt-to-Equity Related Terms

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

Target Insurance (Holdings) (HKSE:06161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Target Insurance (Holdings) Ltd (HKSE:06161) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Queen’s Road Central, Grand Millennium Plaza, 5th Floor, Low Block, Hong Kong, HKG

Website

http://www.targetinsholdings.com

Target Insurance (Holdings) Ltd is an investment company based in Hong Kong. It is principally engaged in writing motor insurance. The company offers insurance for the taxi, public light bus, and other motor vehicles. Its operating segments are Taxi, Public Light Bus, Other motor vehicles. The company earns revenue in the form of insurance premiums, dividend income, interest income, and others. It generates all of its revenue from Hong Kong.

Target Insurance (Holdings) (HKSE:06161) Headlines

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