Winshine Science Co (HKSE:00209) Debt-to-Equity : -3.05 (As of Dec. 2023)

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What is Winshine Science Co Debt-to-Equity?

Winshine Science Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$242.1 Mil. Winshine Science Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.9 Mil. Winshine Science Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-80.1 Mil. Winshine Science Co's debt to equity for the quarter that ended in Dec. 2023 was -3.05.

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 Winshine Science Co's Debt-to-Equity or its related term are showing as below:

HKSE:00209' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.05 Med: 0.46 Max: 6.22
Current: -3.05

During the past 13 years, the highest Debt-to-Equity Ratio of Winshine Science Co was 6.22. The lowest was -3.05. And the median was 0.46.

HKSE:00209's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs HKSE:00209: -3.05

Winshine Science Co Debt-to-Equity Historical Data

The historical data trend for Winshine Science Co'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.

Winshine Science Co Debt-to-Equity Chart

Winshine Science Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.16

6.22

-2.80

-2.18

-3.05

Winshine Science Co Semi-Annual Data
	Jun14	Dec14	Jun15	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															-2.80	-2.61	-2.18	-3.13	-3.05

Competitive Comparison of Winshine Science Co's Debt-to-Equity

For the Leisure subindustry, Winshine Science Co'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.

Winshine Science Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Winshine Science Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Winshine Science Co's Debt-to-Equity falls into.

Winshine Science Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Winshine Science Co'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
	=	(242.102	+	1.858)	/	-80.055
	=	-3.05

Winshine Science Co'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
	=	(242.102	+	1.858)	/	-80.055
	=	-3.05

Winshine Science Co (HKSE:00209) 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.

Winshine Science Co Debt-to-Equity Related Terms

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

Winshine Science Co (HKSE:00209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Winshine Science Co Ltd (HKSE:00209) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

287-299 Queen's Road, Room 1002, 10th Floor, 299 QRC, Central, Hong Kong, HKG

Website

http://www.winshine.com

Winshine Science Co Ltd is an investment holding company. The company's segment includes Securities investments, Toys, and Medical & health. It generates maximum revenue from the Toys segment. The toys segment derives its revenue from manufacturing for the sale of toys. The securities investments segment derives its profits or losses from dividends received from, and other gains or losses from, equity securities investments. The medical and health segment is under the development stage in which research and development expenses for medical and health technology development have been incurred. Its geographical segments are Hong Kong, China, the United States, Europe, and Korea, of which the majority of its revenue comes from the United States.

Executives

Wang Honggang	2101 Beneficial owner
U Credit (hk) Limited	2106 Person having a security interest in shares
Csc Holdings Limited	2106 Person having a security interest in shares
Hurray Talent Investment Development Limited	2101 Beneficial owner
Li Zhonghai	2201 Interest of corporation controlled by you
Liu Lian	2201 Interest of corporation controlled by you
Richsun Investment Development Limited	2101 Beneficial owner
Hong Kong Huiheng Trading And Investment Co., Limited	2101 Beneficial owner
Jiang Qinghui	2201 Interest of corporation controlled by you
Csc Holdings Limited (formerly Known As "china Strategic Holdings Limited")	2106 Person having a security interest in shares
China Strategic Holdings Limited	2106 Person having a security interest in shares
Shen Jia	2101 Beneficial owner

Winshine Science Co (HKSE:00209) Headlines

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