Infinity Development Holdings Co (HKSE:00640) Debt-to-Equity : 0.07 (As of Sep. 2024)

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What is Infinity Development Holdings Co Debt-to-Equity?

Infinity Development Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$40.7 Mil. Infinity Development Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$2.7 Mil. Infinity Development Holdings Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was HK$583.6 Mil. Infinity Development Holdings Co's debt to equity for the quarter that ended in Sep. 2024 was 0.07.

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 Infinity Development Holdings Co's Debt-to-Equity or its related term are showing as below:

HKSE:00640' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.17
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Infinity Development Holdings Co was 0.17. The lowest was 0.01. And the median was 0.09.

HKSE:00640's Debt-to-Equity is ranked better than
82.53% of 1391 companies
in the Chemicals industry
Industry Median: 0.36 vs HKSE:00640: 0.07

Infinity Development Holdings Co Debt-to-Equity Historical Data

The historical data trend for Infinity Development Holdings Co'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.

Infinity Development Holdings Co Debt-to-Equity Chart

Infinity Development Holdings Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Debt-to-Equity

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0.09

0.10

0.08

0.17

0.07

Infinity Development Holdings Co Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.13	0.17	0.12	0.07

Competitive Comparison of Infinity Development Holdings Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Infinity Development Holdings Co'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.

Infinity Development Holdings Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Infinity Development Holdings Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Infinity Development Holdings Co's Debt-to-Equity falls into.

Infinity Development Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Infinity Development Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(40.739	+	2.732)	/	583.563
	=	0.07

Infinity Development Holdings Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(40.739	+	2.732)	/	583.563
	=	0.07

Infinity Development Holdings Co (HKSE:00640) 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.

Infinity Development Holdings Co Debt-to-Equity Related Terms

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Infinity Development Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Infinity Development Holdings Co Ltd (HKSE:00640) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Andar A - D, Macau Finance Centre, Rua de Pequim No. 202A - 246, Macau, MAC

Website

http://www.infinitydevelopment.com.hk

Infinity Development Holdings Co Ltd is an investment holding company. Through its subsidiaries, the company focuses on manufacturing and selling adhesives, primers, hardeners, vulcanized shoes, and adhesive-related products for the footwear industry. The company's products are predominantly sold under the Guarandure and Zhong Bu brands. Its geographical segments include China, Vietnam, Indonesia, Bangladesh, and India. A majority of its revenue is generated from Vietnam.

Executives

Chan Sut Kuan	2202 Interest of your spouse
Ieong Un	2101 Beneficial owner
All Reach Investments Limited	2101 Beneficial owner

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