Li & Fung (HKSE:00494) Debt-to-Equity : 0.83 (As of Dec. 2019)

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What is Li & Fung Debt-to-Equity?

Li & Fung's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2019 was HK$3,877 Mil. Li & Fung's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2019 was HK$8,547 Mil. Li & Fung's Total Stockholders Equity for the quarter that ended in Dec. 2019 was HK$14,984 Mil. Li & Fung's debt to equity for the quarter that ended in Dec. 2019 was 0.83.

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 Li & Fung's Debt-to-Equity or its related term are showing as below:

HKSE:00494's Debt-to-Equity is not ranked ^*
in the Business Services industry.
Industry Median: 0.37
* Ranked among companies with meaningful Debt-to-Equity only.

Li & Fung Debt-to-Equity Historical Data

The historical data trend for Li & Fung'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.

Li & Fung Debt-to-Equity Chart

Li & Fung Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-Equity

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0.46

0.38

0.43

0.78

0.83

Li & Fung Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Debt-to-Equity	Get a 7-Day Free Trial															0.43	0.42	0.78	0.95	0.83

Competitive Comparison of Li & Fung's Debt-to-Equity

For the Specialty Business Services subindustry, Li & Fung'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.

Li & Fung's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Li & Fung's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Li & Fung's Debt-to-Equity falls into.

Li & Fung Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Li & Fung's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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
	=	(3876.526	+	8547.161)	/	14983.805
	=	0.83

Li & Fung's Debt to Equity Ratio for the quarter that ended in Dec. 2019 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
	=	(3876.526	+	8547.161)	/	14983.805
	=	0.83

Li & Fung (HKSE:00494) 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.

Li & Fung Debt-to-Equity Related Terms

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

Li & Fung (HKSE:00494) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Li & Fung Ltd (HKSE:00494) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Victoria Street, Victoria Place, 5th Floor, Hamilton, BMU, HM 10

Website

https://www.lifung.com

Li & Fung Ltd is a supply-chain manager that serves retailers globally with sourcing and logistics services. The company's operating segment includes Services and Products. It generates maximum revenue from the Services segment. The Services segment consists of Supply Chain Solutions and Logistics businesses. Its Products segment consists of the Onshore Wholesale business and the three Product Verticals (furniture, beauty, and sweaters) representing its principal-to-principal business. Geographically, it derives a majority of revenue from the United States of America.

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