Town Ray Holdings (HKSE:01692) Debt-to-Equity : 0.25 (As of Dec. 2024)

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What is Town Ray Holdings Debt-to-Equity?

Town Ray Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$56.1 Mil. Town Ray Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$31.6 Mil. Town Ray Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2024 was HK$355.0 Mil. Town Ray Holdings's debt to equity for the quarter that ended in Dec. 2024 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 Town Ray Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01692' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.17 Max: 0.56
Current: 0.25

During the past 9 years, the highest Debt-to-Equity Ratio of Town Ray Holdings was 0.56. The lowest was 0.06. And the median was 0.17.

HKSE:01692's Debt-to-Equity is ranked better than
53.36% of 2174 companies
in the Hardware industry
Industry Median: 0.28 vs HKSE:01692: 0.25

Town Ray Holdings Debt-to-Equity Historical Data

The historical data trend for Town Ray 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.

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Town Ray Holdings Debt-to-Equity Chart

Town Ray Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.17

0.35

0.17

0.10

0.25

Town Ray Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial										0.17	0.15	0.10	0.19	0.25

Competitive Comparison of Town Ray Holdings's Debt-to-Equity

For the Consumer Electronics subindustry, Town Ray 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.

Town Ray Holdings's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Town Ray Holdings's Debt-to-Equity distribution charts can be found below:

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

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Town Ray Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Town Ray Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 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
	=	(56.143	+	31.583)	/	355.042
	=	0.25

Town Ray Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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
	=	(56.143	+	31.583)	/	355.042
	=	0.25

Town Ray Holdings (HKSE:01692) 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.

Town Ray Holdings Debt-to-Equity Related Terms

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Town Ray Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Town Ray Holdings Ltd (HKSE:01692) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 403 Castle Peak Road-Kwai Chung, Workshop A, 25th Floor, Reason Group Tower, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.townray.com

Town Ray Holdings Ltd is a developer, designer, manufacturer, and supplier of electrothermic household appliances mainly to overseas markets. The electrothermic household products can be grouped into two categories, namely garment care appliances, including steam generator irons, garment steamers, and steam irons; and cooking appliances, including coffee machines, steam cooking appliances, and other cooking appliances. The company's products are mainly sold to overseas markets, including Germany, France, the United Kingdom, and the Netherlands.

Executives

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Chan Kam Kwong Charles
Cheng Yuk Sim Connie
Chan Ying Yuk Purple
Leung Yat Cheong Albert
Li Siu Lan
Lo Kam Wing Raymond

Town Ray Holdings Headlines

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