Asia Energy logistics Group (HKSE:00351) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Asia Energy logistics Group Debt-to-Equity?

Asia Energy logistics Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$7.0 Mil. Asia Energy logistics Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5.1 Mil. Asia Energy logistics Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$191.9 Mil. Asia Energy logistics Group's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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 Asia Energy logistics Group's Debt-to-Equity or its related term are showing as below:

HKSE:00351' s Debt-to-Equity Range Over the Past 10 Years
Min: -39.21 Med: 0.08 Max: 6.76
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Asia Energy logistics Group was 6.76. The lowest was -39.21. And the median was 0.08.

HKSE:00351's Debt-to-Equity is ranked better than
93.08% of 882 companies
in the Transportation industry
Industry Median: 0.57 vs HKSE:00351: 0.06

Asia Energy logistics Group Debt-to-Equity Historical Data

The historical data trend for Asia Energy logistics Group'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.

Asia Energy logistics Group Debt-to-Equity Chart

Asia Energy logistics Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-2.08

0.10

0.22

0.43

0.06

Asia Energy logistics Group 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															0.22	0.30	0.43	0.05	0.06

Competitive Comparison of Asia Energy logistics Group's Debt-to-Equity

For the Marine Shipping subindustry, Asia Energy logistics Group'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.

Asia Energy logistics Group's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Asia Energy logistics Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asia Energy logistics Group's Debt-to-Equity falls into.

Asia Energy logistics Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia Energy logistics Group'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
	=	(6.95	+	5.117)	/	191.879
	=	0.06

Asia Energy logistics Group'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
	=	(6.95	+	5.117)	/	191.879
	=	0.06

Asia Energy logistics Group (HKSE:00351) 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.

Asia Energy logistics Group Debt-to-Equity Related Terms

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Asia Energy logistics Group (HKSE:00351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asia Energy logistics Group Ltd (HKSE:00351) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

26 Harbour Road, China Resources Building, Room 2906, 29 Floor, Wanchai, Hong Kong, HKG

Website

https://www.aelg.com.hk

Asia Energy logistics Group Ltd operates through the Telecommunication related business and Shipping and logistics segments. The Shipping and logistics segment which generates the majority of the revenue focuses on investment in owning and operating vessels, coal shipment logistics services, acquisition, management, and operation of terminals, as well as related logistics operations.

Executives

Pang Yuet	2101 Beneficial owner
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Oriental Solar Group Limited	2101 Beneficial owner
King Castle Enterprises Limited
Vms Investment Group Limited	2101 Beneficial owner
Mak Siu Hang Viola	2201 Interest of corporation controlled by you
Wong Kin Ting	2101 Beneficial owner

Asia Energy logistics Group (HKSE:00351) Headlines

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