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Macau Legend Development (HKSE:01680) Debt-to-Equity : 0.72 (As of Dec. 2023)


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What is Macau Legend Development Debt-to-Equity?

Macau Legend Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$641.3 Mil. Macau Legend Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,021.3 Mil. Macau Legend Development's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,705.2 Mil. Macau Legend Development's debt to equity for the quarter that ended in Dec. 2023 was 0.72.

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 Macau Legend Development's Debt-to-Equity or its related term are showing as below:

HKSE:01680' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27   Med: 0.54   Max: 0.72
Current: 0.72

During the past 12 years, the highest Debt-to-Equity Ratio of Macau Legend Development was 0.72. The lowest was 0.27. And the median was 0.54.

HKSE:01680's Debt-to-Equity is ranked worse than
61.78% of 709 companies
in the Travel & Leisure industry
Industry Median: 0.45 vs HKSE:01680: 0.72

Macau Legend Development Debt-to-Equity Historical Data

The historical data trend for Macau Legend Development'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.

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Macau Legend Development Debt-to-Equity Chart

Macau Legend Development Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.38 0.58 0.72 0.72

Macau Legend Development 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.69 0.72 0.77 0.72

Competitive Comparison of Macau Legend Development's Debt-to-Equity

For the Resorts & Casinos subindustry, Macau Legend Development'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.


Macau Legend Development's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Macau Legend Development's Debt-to-Equity falls into.



Macau Legend Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Macau Legend Development's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Macau Legend Development's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Macau Legend Development  (HKSE:01680) 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.


Macau Legend Development Debt-to-Equity Related Terms

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


Macau Legend Development (HKSE:01680) Business Description

Traded in Other Exchanges
N/A
Address
Avenida da Amizade e Avenida da, Palace Building, Macau Fisherman’s Wharf, Dr. Sun Yat Sen, Macau, MAC
Macau Legend Development Ltd is an investment holdings company. The company is one of the owners of entertainment and casino gaming facilities in Macau. The company currently has Macau Fisherman's Wharf operated by MFW Investment (MFW), which is a waterfront integrated gaming, hotel, convention and entertainment complex located on the Macau Peninsula. The company's businesses include 1) the provision of gaming services to SJM for the operation of Legend Palace Casino; 2) the operation of casino inside Savan Legend Resorts Hotel and Entertainment Complex in the Lao People's Democratic Republic (Lao PDR); and 3) the operation of hotels, entertainment and leisure facilities within its properties.
Executives
Chow Kam Fai, David
Chan Weng Lin
Wu Jo Hsuan 2202 Interest of your spouse
Perfect Achiever Group Limited 2101 Beneficial owner
Chan Mei Yi, Melinda
Chan Un Chan 2201 Interest of corporation controlled by you
Earth Group Ventures Ltd.
Li Chi Keung
Wong Hoi Ping
Elite Success International Limited 2101 Beneficial owner

Macau Legend Development (HKSE:01680) Headlines

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