HK Asia Holdings (HKSE:01723) Debt-to-Equity : 0.03 (As of Sep. 2024)

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What is HK Asia Holdings Debt-to-Equity?

HK Asia Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$3.3 Mil. HK Asia Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$0.2 Mil. HK Asia Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was HK$105.2 Mil. HK Asia Holdings's debt to equity for the quarter that ended in Sep. 2024 was 0.03.

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

HKSE:01723' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.4
Current: 0.03

During the past 9 years, the highest Debt-to-Equity Ratio of HK Asia Holdings was 0.40. The lowest was 0.02. And the median was 0.04.

HKSE:01723's Debt-to-Equity is ranked better than
94.58% of 332 companies
in the Telecommunication Services industry
Industry Median: 0.66 vs HKSE:01723: 0.03

HK Asia Holdings Debt-to-Equity Historical Data

The historical data trend for HK Asia 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.

HK Asia Holdings Debt-to-Equity Chart

HK Asia Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.04

0.18

0.02

0.03

0.05

HK Asia Holdings Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial												0.04	0.03	0.06	0.05	0.03

Competitive Comparison of HK Asia Holdings's Debt-to-Equity

For the Telecom Services subindustry, HK Asia 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.

HK Asia Holdings's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, HK Asia Holdings's Debt-to-Equity distribution charts can be found below:

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

HK Asia Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HK Asia Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(4.505	+	1.507)	/	124.539
	=	0.05

HK Asia Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3.328	+	0.193)	/	105.23
	=	0.03

HK Asia Holdings (HKSE:01723) 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.

HK Asia Holdings Debt-to-Equity Related Terms

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

HK Asia Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » HK Asia Holdings Ltd (HKSE:01723) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Wing Wo Street, Sheung Wan, 24th Floor, Chun Wo Commercial Centre, Hong Kong, HKG

Website

http://www.hkasiaholdings.com/hkasia

HK Asia Holdings Ltd is principally engaged in wholesale and retail sales of the Pre-paid Products such as SIM Cards and Top-up Vouchers. The Group currently has one operating segment which is revenue from sale of the Pre-paid Products i.e. SIM Cards and top-up vouchers. Geographically, it operates only in Hong Kong.

Executives

Fang Jason Kin Hoi	2201 Interest of corporation controlled by you
210k Capital, Lp	2101 Beneficial owner
Bailey David Forrest	2201 Interest of corporation controlled by you
Evans Tyler Matthew	2201 Interest of corporation controlled by you
Mateer Samuel Coyn	2201 Interest of corporation controlled by you
Utxo Management Gp, Llc	2201 Interest of corporation controlled by you
Sit Hon	2201 Interest of corporation controlled by you
Sora Investment Management Limited	2102 Investment manager
Sora Valkyrie Limited	2101 Beneficial owner
Sora Ventures	2201 Interest of corporation controlled by you
Allied Top Investments Limited	2101 Beneficial owner
Top Legend Spc Acting For And On Behalf Of One Of Its Segregated Portfolios Aces Sp	2101 Beneficial owner
Tsang Karen Ka Yan	2201 Interest of corporation controlled by you
Chan Hung Kai	2101 Beneficial owner
Siu Muk Lung	2101 Beneficial owner

HK Asia Holdings Headlines

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