Glorious Sun Enterprises (HKSE:00393) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Glorious Sun Enterprises Debt-to-Equity?

Glorious Sun Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$20.6 Mil. Glorious Sun Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$18.0 Mil. Glorious Sun Enterprises's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,376.5 Mil. Glorious Sun Enterprises's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Glorious Sun Enterprises's Debt-to-Equity or its related term are showing as below:

HKSE:00393' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.48
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Glorious Sun Enterprises was 0.48. The lowest was 0.02. And the median was 0.07.

HKSE:00393's Debt-to-Equity is ranked better than
95.97% of 919 companies
in the Business Services industry
Industry Median: 0.38 vs HKSE:00393: 0.02

Glorious Sun Enterprises Debt-to-Equity Historical Data

The historical data trend for Glorious Sun Enterprises'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.

Glorious Sun Enterprises Debt-to-Equity Chart

Glorious Sun Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.03

0.02

Glorious Sun Enterprises 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															0.02	0.01	0.03	0.02	0.02

Competitive Comparison of Glorious Sun Enterprises's Debt-to-Equity

For the Consulting Services subindustry, Glorious Sun Enterprises'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.

Glorious Sun Enterprises's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Glorious Sun Enterprises's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Glorious Sun Enterprises's Debt-to-Equity falls into.

Glorious Sun Enterprises Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Glorious Sun Enterprises'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
	=	(20.553	+	18.039)	/	2376.529
	=	0.02

Glorious Sun Enterprises'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
	=	(20.553	+	18.039)	/	2376.529
	=	0.02

Glorious Sun Enterprises (HKSE:00393) 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.

Glorious Sun Enterprises Debt-to-Equity Related Terms

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Glorious Sun Enterprises (HKSE:00393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Glorious Sun Enterprises Ltd (HKSE:00393) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GLV:Germany GLV:Germany

Address

1 Wang Yuen Street, 38th Floor, One Kowloon, Kowloon Bay, HKG

Website

https://www.glorisun.com

Glorious Sun Enterprises Ltd is an investment holding company engaged in financial investments, interior decoration and renovation, and export and retailing of casual wear. It is engaged in the business segments of Financial investments; Interior decoration and renovation; Export operations; Retail, franchise, and others. The interior decoration and renovation segment, which is the key revenue-generating segment, engages in the interior decoration and renovation, and the sale of the furniture business. The group derives revenue from Mainland China, Hong Kong, Australia and New Zealand, the U.S., Canada, and other countries.

Executives

Glorious Sun Holdings (bvi) Limited
Cheung Wai Yee
Yeung Chun Fan
Yeung Chun Kam

Glorious Sun Enterprises (HKSE:00393) Headlines

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