Cirtek Holdings (HKSE:01433) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is Cirtek Holdings Debt-to-Equity?

Cirtek Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$32.2 Mil. Cirtek Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$16.0 Mil. Cirtek Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$195.0 Mil. Cirtek Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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

HKSE:01433' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.32 Max: 0.71
Current: 0.25

During the past 8 years, the highest Debt-to-Equity Ratio of Cirtek Holdings was 0.71. The lowest was 0.19. And the median was 0.32.

HKSE:01433's Debt-to-Equity is ranked better than
65.24% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:01433: 0.25

Cirtek Holdings Debt-to-Equity Historical Data

The historical data trend for Cirtek 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.

Cirtek Holdings Debt-to-Equity Chart

Cirtek Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.23

0.19

0.21

0.25

Cirtek Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.19	0.18	0.21	0.24	0.25

Competitive Comparison of Cirtek Holdings's Debt-to-Equity

For the Apparel Manufacturing subindustry, Cirtek 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.

Cirtek Holdings's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cirtek Holdings's Debt-to-Equity distribution charts can be found below:

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

Cirtek Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cirtek 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
	=	(32.185	+	15.995)	/	195.032
	=	0.25

Cirtek 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
	=	(32.185	+	15.995)	/	195.032
	=	0.25

Cirtek Holdings (HKSE:01433) 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.

Cirtek Holdings Debt-to-Equity Related Terms

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

Cirtek Holdings (HKSE:01433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cirtek Holdings Ltd (HKSE:01433) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Cheung Yue Street, 1st Floor, Wing Ming Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.cirtek.com

Cirtek Holdings Ltd is engaged in manufacturing and sale of apparel products, such as hang tags, woven labels, printed labels and heat transfer products. It generates revenue from Hong Kong, Mainland China, Bangladesh, Vietnam, U.S and Other countries.

Executives

Charming International Limited	2101 Beneficial owner
Chan Sing Ming Barry	2201 Interest of corporation controlled by you
Law Miu Lan	2201 Interest of corporation controlled by you

Cirtek Holdings (HKSE:01433) Headlines

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