Travel Expert (Asia) Enterprises (HKSE:01235) Debt-to-Equity : 0.18 (As of Sep. 2023)

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What is Travel Expert (Asia) Enterprises Debt-to-Equity?

Travel Expert (Asia) Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$6.34 Mil. Travel Expert (Asia) Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$4.54 Mil. Travel Expert (Asia) Enterprises's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$61.09 Mil. Travel Expert (Asia) Enterprises's debt to equity for the quarter that ended in Sep. 2023 was 0.18.

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 Travel Expert (Asia) Enterprises's Debt-to-Equity or its related term are showing as below:

HKSE:01235' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.15 Max: 0.31
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Travel Expert (Asia) Enterprises was 0.31. The lowest was 0.02. And the median was 0.15.

HKSE:01235's Debt-to-Equity is ranked better than
73.37% of 691 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:01235: 0.18

Travel Expert (Asia) Enterprises Debt-to-Equity Historical Data

The historical data trend for Travel Expert (Asia) Enterprises'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.

Travel Expert (Asia) Enterprises Debt-to-Equity Chart

Travel Expert (Asia) Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.24

0.18

0.16

0.13

Travel Expert (Asia) Enterprises Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.16	0.10	0.13	0.18

Competitive Comparison of Travel Expert (Asia) Enterprises's Debt-to-Equity

For the Travel Services subindustry, Travel Expert (Asia) Enterprises'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.

Travel Expert (Asia) Enterprises's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Travel Expert (Asia) Enterprises's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Travel Expert (Asia) Enterprises's Debt-to-Equity falls into.

Travel Expert (Asia) Enterprises Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Travel Expert (Asia) Enterprises's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(5.35	+	2.137)	/	59.42
	=	0.13

Travel Expert (Asia) Enterprises's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(6.337	+	4.536)	/	61.088
	=	0.18

Travel Expert (Asia) Enterprises (HKSE:01235) 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.

Travel Expert (Asia) Enterprises Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Travel Expert (Asia) Enterprises's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Travel Expert (Asia) Enterprises (HKSE:01235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Travel Expert (Asia) Enterprises Ltd (HKSE:01235) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Connaught Road West, 8th Floor, Guangdong Finance Building, Hong Kong, HKG

Website

https://www.tegroup.com.hk

Travel Expert (Asia) Enterprises Ltd is an investment holding company. It is engaged in the provision of services relating to sales of air tickets, hotel accommodation, and other travel/wedding-related activities. The company operates through three business segments which include the Travel and travel/wedding-related business, Food, and beverage business, and Treasury activities. It generates maximum revenue from the Travel and travel/wedding-related business segment. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in the PRC.

Travel Expert (Asia) Enterprises (HKSE:01235) Headlines

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