Wong's Kong King International (Holdings) (HKSE:00532) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is Wong's Kong King International (Holdings) Debt-to-Equity?

Wong's Kong King International (Holdings)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$627 Mil. Wong's Kong King International (Holdings)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$38 Mil. Wong's Kong King International (Holdings)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,577 Mil. Wong's Kong King International (Holdings)'s debt to equity for the quarter that ended in Dec. 2023 was 0.42.

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 Wong's Kong King International (Holdings)'s Debt-to-Equity or its related term are showing as below:

HKSE:00532' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.43 Max: 0.55
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Wong's Kong King International (Holdings) was 0.55. The lowest was 0.24. And the median was 0.43.

HKSE:00532's Debt-to-Equity is ranked worse than
61.72% of 2192 companies
in the Hardware industry
Industry Median: 0.29 vs HKSE:00532: 0.42

Wong's Kong King International (Holdings) Debt-to-Equity Historical Data

The historical data trend for Wong's Kong King International (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.

* Premium members only.

Wong's Kong King International (Holdings) Debt-to-Equity Chart

Wong's Kong King International (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.24

0.35

0.53

0.42

Wong's Kong King International (Holdings) 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															0.35	0.56	0.53	0.47	0.42

Competitive Comparison of Wong's Kong King International (Holdings)'s Debt-to-Equity

For the Electronic Components subindustry, Wong's Kong King International (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.

Wong's Kong King International (Holdings)'s Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wong's Kong King International (Holdings)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wong's Kong King International (Holdings)'s Debt-to-Equity falls into.

Wong's Kong King International (Holdings) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wong's Kong King International (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
	=	(626.648	+	37.776)	/	1576.849
	=	0.42

Wong's Kong King International (Holdings)'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
	=	(626.648	+	37.776)	/	1576.849
	=	0.42

Wong's Kong King International (Holdings) (HKSE:00532) 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.

Wong's Kong King International (Holdings) Debt-to-Equity Related Terms

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

Wong's Kong King International (Holdings) (HKSE:00532) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wong's Kong King International (Holdings) Ltd (HKSE:00532) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Lam Chak Street, 17th Floor, Harbourside HQ, Kowloon Bay, Hong Kong, HKG

Website

http://www.wkkintl.com

Wong's Kong King International (Holdings) Ltd is an investment holding company. It operates in two segments Trading and Manufacturing. The trading segment is engaged in the trading and distribution of chemicals, materials, and equipment used in the manufacturing of printed circuit boards and electronic products. Its Manufacturing segment is engaged in the manufacturing of electrical and electronic products for original equipment manufacturers. The company derives the majority of its revenue from the Trading segment. Geographically, it generates maximum revenue from Hong Kong, Mainland China, and Taiwan and also has a presence in North America and Europe.

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