Tongda Group Holdings (HKSE:00698) Debt-to-Equity : 0.45 (As of Dec. 2023)

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What is Tongda Group Holdings Debt-to-Equity?

Tongda Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,883 Mil. Tongda Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,090 Mil. Tongda Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$6,683 Mil. Tongda Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

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 Tongda Group Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00698' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.56 Max: 0.7
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Tongda Group Holdings was 0.70. The lowest was 0.28. And the median was 0.56.

HKSE:00698's Debt-to-Equity is ranked worse than
63.83% of 2198 companies
in the Hardware industry
Industry Median: 0.28 vs HKSE:00698: 0.45

Tongda Group Holdings Debt-to-Equity Historical Data

The historical data trend for Tongda Group 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.

Tongda Group Holdings Debt-to-Equity Chart

Tongda Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.64

0.54

0.44

0.40

0.45

Tongda Group 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															0.44	0.46	0.40	0.36	0.45

Competitive Comparison of Tongda Group Holdings's Debt-to-Equity

For the Electronic Components subindustry, Tongda Group 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.

Tongda Group Holdings's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tongda Group Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tongda Group Holdings's Debt-to-Equity falls into.

Tongda Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tongda Group 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
	=	(1883.498	+	1090.217)	/	6682.824
	=	0.44

Tongda Group 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
	=	(1883.498	+	1090.217)	/	6682.824
	=	0.44

Tongda Group Holdings (HKSE:00698) 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.

Tongda Group Holdings Debt-to-Equity Related Terms

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

Tongda Group Holdings (HKSE:00698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tongda Group Holdings Ltd (HKSE:00698) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TJC:Germany

Address

6-8 Harbour Road, Room 1201-02, 12th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.tongda.com

Tongda Group Holdings Ltd is a solutions provider of precise products for smart mobile communications and consumer electronic devices, with five business segments. The Handset casings and high-precision components segment, which generates the majority revenue, produces handset cases and related components. The household and sports goods segment consists of durable household goods, household utensils and sports goods. The network communications facilities and others segment produces set-top box casings and interior decorations of automotive. It generates majority of its revenue from mainland China.

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