Yue Da International Holdings (HKSE:00629) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is Yue Da International Holdings Debt-to-Equity?

Yue Da International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$58.39 Mil. Yue Da International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.07 Mil. Yue Da International Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$472.18 Mil. Yue Da International Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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 Yue Da International Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00629' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.36 Max: 1.47
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Yue Da International Holdings was 1.47. The lowest was 0.12. And the median was 0.36.

HKSE:00629's Debt-to-Equity is ranked better than
76.43% of 925 companies
in the Business Services industry
Industry Median: 0.37 vs HKSE:00629: 0.12

Yue Da International Holdings Debt-to-Equity Historical Data

The historical data trend for Yue Da 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.

Yue Da International Holdings Debt-to-Equity Chart

Yue Da International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.94

0.13

0.21

0.12

Yue Da 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															0.13	0.57	0.21	0.16	0.12

Competitive Comparison of Yue Da International Holdings's Debt-to-Equity

For the Specialty Business Services subindustry, Yue Da 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.

Yue Da International Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Yue Da International Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Yue Da International Holdings's Debt-to-Equity falls into.

Yue Da International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yue Da 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
	=	(58.394	+	0.066)	/	472.182
	=	0.12

Yue Da 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
	=	(58.394	+	0.066)	/	472.182
	=	0.12

Yue Da International Holdings (HKSE:00629) 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.

Yue Da International Holdings Debt-to-Equity Related Terms

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Yue Da International Holdings (HKSE:00629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Yue Da International Holdings Ltd (HKSE:00629) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168 - 200 Connaught Road Central, 33rd Floor, China Merchants Tower, Office No. 3321-3323 and 3325, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

http://www.yueda.com.hk

Yue Da International Holdings Ltd is an investment holding company. The company operates through one segment namely, the Factoring business. Factoring business offers trade finance, sales ledger management, customer credit rating, accounts receivable management and collection, credit risk guarantee, supply chain management, and other related solutions in China.

Executives

Jiangsu Yue Da Group Company Limited	2201 Interest of corporation controlled by you
Yueda Capital (hk) Limited	2101 Beneficial owner
Yueda Capital Company Limited	2201 Interest of corporation controlled by you
Yue Da Group (h.k.) Co., Limited	2101 Beneficial owner

Yue Da International Holdings (HKSE:00629) Headlines

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