Quali-Smart Holdings (HKSE:01348) Debt-to-Equity : 0.34 (As of Sep. 2023)

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What is Quali-Smart Holdings Debt-to-Equity?

Quali-Smart Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.3 Mil. Quali-Smart Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$38.4 Mil. Quali-Smart Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$120.0 Mil. Quali-Smart Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.34.

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

HKSE:01348' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.37 Max: 0.58
Current: 0.34

During the past 12 years, the highest Debt-to-Equity Ratio of Quali-Smart Holdings was 0.58. The lowest was 0.20. And the median was 0.37.

HKSE:01348's Debt-to-Equity is ranked better than
58.67% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:01348: 0.34

Quali-Smart Holdings Debt-to-Equity Historical Data

The historical data trend for Quali-Smart 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.

Quali-Smart Holdings Debt-to-Equity Chart

Quali-Smart Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.28

0.32

0.20

0.38

0.36

Quali-Smart Holdings 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															0.51	0.38	0.31	0.36	0.34

Competitive Comparison of Quali-Smart Holdings's Debt-to-Equity

For the Leisure subindustry, Quali-Smart 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.

Quali-Smart Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Quali-Smart Holdings's Debt-to-Equity distribution charts can be found below:

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

Quali-Smart Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quali-Smart Holdings'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
	=	(43.541	+	1.719)	/	126.389
	=	0.36

Quali-Smart Holdings'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
	=	(2.288	+	38.379)	/	119.96
	=	0.34

Quali-Smart Holdings (HKSE:01348) 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.

Quali-Smart Holdings Debt-to-Equity Related Terms

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Quali-Smart Holdings (HKSE:01348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Quali-Smart Holdings Ltd (HKSE:01348) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Hoi Shing Road, Tsuen Wan, Workshop C, 19th Floor, TML Tower, New Territories, Hong Kong, HKG

Website

http://www.quali-smart.com.hk

Quali-Smart Holdings Ltd is an investment holding company. The company's operating segment includes Manufacturing and sales of toys and Financial Services. It generates maximum revenue from the Manufacturing and sales of toys segment. The Financial Services segment includes securities brokerage, underwriting, securities margin financing, investment advisory, corporate finance, and asset management services. Geographically, it derives a majority of its revenue from North America which includes the United States of America and Canada, and also has a presence in the United Kingdom; France; PRC, and Taiwan; Central America, Caribbean, and Mexico; Australia, New Zealand, and Pacific Islands and other countries.

Executives

Benefit Global Limited	2101 Beneficial owner
Blackpine Private Equity Partners G.p. Limited	2201 Interest of corporation controlled by you
Clearfield Global Limited	2201 Interest of corporation controlled by you
Chu Lawrence Sheng Yu	2201 Interest of corporation controlled by you
Li Man Yee Stella	2101 Beneficial owner
Lau Ho Ming Peter	2101 Beneficial owner
Smart Investor Holdings Limited	2101 Beneficial owner
Zhongtai Securities Company Limited
Zhong Tai Jin Rong Guo Ji You Xian Gong Si	2101 Beneficial owner
Shan Dong Gang Tie Ji Tuan You Xian Gong Si
Lai Wu Gang Tie Ji Tuan You Xian Gong Si

Quali-Smart Holdings (HKSE:01348) Headlines

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