Hing Lee (HK) Holdings (HKSE:00396) Debt-to-Equity : 0.54 (As of Jun. 2024)

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What is Hing Lee (HK) Holdings Debt-to-Equity?

Hing Lee (HK) Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$58.9 Mil. Hing Lee (HK) Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.0 Mil. Hing Lee (HK) Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$108.2 Mil. Hing Lee (HK) Holdings's debt to equity for the quarter that ended in Jun. 2024 was 0.54.

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 Hing Lee (HK) Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00396' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 0.68
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Hing Lee (HK) Holdings was 0.68. The lowest was 0.09. And the median was 0.19.

HKSE:00396's Debt-to-Equity is ranked better than
88.54% of 384 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.37 vs HKSE:00396: 0.04

Hing Lee (HK) Holdings Debt-to-Equity Historical Data

The historical data trend for Hing Lee (HK) 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.

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Hing Lee (HK) Holdings Debt-to-Equity Chart

Hing Lee (HK) Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.56

0.64

0.68

0.56

0.04

Hing Lee (HK) Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.68	0.60	0.56	0.54	0.04

Competitive Comparison of Hing Lee (HK) Holdings's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Hing Lee (HK) 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.

Hing Lee (HK) Holdings's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hing Lee (HK) Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hing Lee (HK) Holdings's Debt-to-Equity falls into.

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Hing Lee (HK) Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hing Lee (HK) 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
	=	(57.815	+	2.286)	/	107.173
	=	0.56

Hing Lee (HK) Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(58.864	+	0)	/	108.182
	=	0.54

Hing Lee (HK) Holdings (HKSE:00396) 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.

Hing Lee (HK) Holdings Debt-to-Equity Related Terms

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

Hing Lee (HK) Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hing Lee (HK) Holdings Ltd (HKSE:00396) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

3 On Yiu Street, Shatin, Unit 1101, 11th Floor, Delta House, New Territories, Hong Kong, HKG

Website

http://www.hingleehk.com.hk

Hing Lee (HK) Holdings Ltd is an investment holding company principally engaged in the furniture business. The Company is engaged in the design, manufacture, sale, and marketing of residential furniture products, mainly including wooden furniture, sofas, and mattresses. The Company is also engaged in the provision of layout design and decoration services, marketing services related to product display, and licensing of its own brand and product designs.

Executives

Sung Kai Hing	2101 Beneficial owner
Wong Wai King	2202 Interest of your spouse

Hing Lee (HK) Holdings Headlines

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