Able Engineering Holdings (HKSE:01627) Debt-to-Equity : 0.42 (As of Sep. 2023)

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What is Able Engineering Holdings Debt-to-Equity?

Able Engineering Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$143 Mil. Able Engineering Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$484 Mil. Able Engineering Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$1,476 Mil. Able Engineering Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.42.

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

HKSE:01627' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.26 Max: 0.63
Current: 0.42

During the past 10 years, the highest Debt-to-Equity Ratio of Able Engineering Holdings was 0.63. The lowest was 0.00. And the median was 0.26.

HKSE:01627's Debt-to-Equity is ranked better than
51.49% of 1511 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:01627: 0.42

Able Engineering Holdings Debt-to-Equity Historical Data

The historical data trend for Able Engineering 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.

Able Engineering Holdings Debt-to-Equity Chart

Able Engineering Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.10

0.63

0.50

0.39

Able Engineering Holdings Semi-Annual Data
	Mar14	Mar15	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													0.41	0.50	0.37	0.39	0.42

Competitive Comparison of Able Engineering Holdings's Debt-to-Equity

For the Engineering & Construction subindustry, Able Engineering 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.

Able Engineering Holdings's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Able Engineering Holdings's Debt-to-Equity distribution charts can be found below:

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

Able Engineering Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Able Engineering 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
	=	(111.287	+	483.5)	/	1520.274
	=	0.39

Able Engineering 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
	=	(142.76	+	483.5)	/	1475.746
	=	0.42

Able Engineering Holdings (HKSE:01627) 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.

Able Engineering Holdings Debt-to-Equity Related Terms

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Able Engineering Holdings (HKSE:01627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Able Engineering Holdings Ltd (HKSE:01627) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG

Website

https://www.ableeng.com.hk

Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA) . The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction, and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. Geographically, it derives revenue from Hong Kong.

Able Engineering Holdings (HKSE:01627) Headlines

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