Mei Ah Entertainment Group (HKSE:00391) Debt-to-Equity : 0.63 (As of Sep. 2023)

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What is Mei Ah Entertainment Group Debt-to-Equity?

Mei Ah Entertainment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$30.2 Mil. Mei Ah Entertainment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$178.1 Mil. Mei Ah Entertainment Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$331.3 Mil. Mei Ah Entertainment Group's debt to equity for the quarter that ended in Sep. 2023 was 0.63.

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 Mei Ah Entertainment Group's Debt-to-Equity or its related term are showing as below:

HKSE:00391' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.72
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Mei Ah Entertainment Group was 0.72. The lowest was 0.01. And the median was 0.14.

HKSE:00391's Debt-to-Equity is ranked worse than
67.31% of 832 companies
in the Media - Diversified industry
Industry Median: 0.29 vs HKSE:00391: 0.63

Mei Ah Entertainment Group Debt-to-Equity Historical Data

The historical data trend for Mei Ah Entertainment 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.

Mei Ah Entertainment Group Debt-to-Equity Chart

Mei Ah Entertainment Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.18

0.55

0.65

0.72

0.69

Mei Ah Entertainment Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.67	0.72	0.65	0.69	0.63

Competitive Comparison of Mei Ah Entertainment Group's Debt-to-Equity

For the Entertainment subindustry, Mei Ah Entertainment 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.

Mei Ah Entertainment Group's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Mei Ah Entertainment Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mei Ah Entertainment Group's Debt-to-Equity falls into.

Mei Ah Entertainment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mei Ah Entertainment Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(38.537	+	189.244)	/	331.193
	=	0.69

Mei Ah Entertainment Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(30.232	+	178.099)	/	331.338
	=	0.63

Mei Ah Entertainment Group (HKSE:00391) 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.

Mei Ah Entertainment Group Debt-to-Equity Related Terms

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

Mei Ah Entertainment Group (HKSE:00391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mei Ah Entertainment Group Ltd (HKSE:00391) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Chun Choi Street, 5th Floor, Mei Ah Centre, Kowloon, Tseung Kwan O Industrial Estate, Hong Kong, HKG

Website

https://www.meiah.com

Mei Ah Entertainment Group Ltd is an investment holding company. The company's operating segment includes Channel operations; Film exhibition and film rights licensing and sub-licensing; Cinema operations; Concert performance and events organization; Applications and video online; Property investment and Others. The company generates maximum revenue from the Channel operations segment.

Executives

Li Kuo Hsing	2101 Beneficial owner
Li Guo Lin	2201 Interest of corporation controlled by you

Mei Ah Entertainment Group (HKSE:00391) Headlines

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