Luen Thai Holdings (HKSE:00311) Debt-to-Equity : 0.87 (As of Dec. 2023)

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What is Luen Thai Holdings Debt-to-Equity?

Luen Thai Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,136 Mil. Luen Thai Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$160 Mil. Luen Thai Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,489 Mil. Luen Thai Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.87.

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

HKSE:00311' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.8 Max: 1
Current: 0.87

During the past 13 years, the highest Debt-to-Equity Ratio of Luen Thai Holdings was 1.00. The lowest was 0.20. And the median was 0.80.

HKSE:00311's Debt-to-Equity is ranked worse than
70.61% of 939 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:00311: 0.87

Luen Thai Holdings Debt-to-Equity Historical Data

The historical data trend for Luen Thai 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.

Luen Thai Holdings Debt-to-Equity Chart

Luen Thai Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.91

1.00

0.91

0.88

0.87

Luen Thai Holdings 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															0.91	1.01	0.88	0.88	0.87

Competitive Comparison of Luen Thai Holdings's Debt-to-Equity

For the Apparel Manufacturing subindustry, Luen Thai 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.

Luen Thai Holdings's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Luen Thai Holdings's Debt-to-Equity distribution charts can be found below:

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

Luen Thai Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Luen Thai Holdings'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
	=	(1136.427	+	159.992)	/	1489.079
	=	0.87

Luen Thai Holdings'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
	=	(1136.427	+	159.992)	/	1489.079
	=	0.87

Luen Thai Holdings (HKSE:00311) 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.

Luen Thai Holdings Debt-to-Equity Related Terms

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

Luen Thai Holdings (HKSE:00311) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Luen Thai Holdings Ltd (HKSE:00311) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Hung To Road, Rooms 1001-1005, 10th Floor, Nanyang Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www2.luenthai.com

Luen Thai Holdings Ltd is engaged in the manufacturing and trading of apparel and accessories. The company has a diverse product range that includes Fashion and Sleepwear, Sports Active Wear, Sweaters and Outerwear, Casual Knits and Woven Wear, and Accessories. It derives revenue mainly from sales of apparel and accessories. Its revenue is mainly derived from customers located in the United States of America, the PRC, Europe, Canada, and Japan, while the company's business activities are conducted predominantly in Hong Kong, Macao, the PRC, the Philippines, Cambodia, the United States, and Myanmar.

Executives

Dong Fang Guo Ji Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shang Hai Guo Sheng Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shang Hai Fang Zhi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Tan Chiu Joise	2202 Interest of your spouse
Tan Henry	2201 Interest of corporation controlled by you
Double Joy Investments Limited	2101 Beneficial owner

Luen Thai Holdings (HKSE:00311) Headlines

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