Affluent Foundation Holdings (HKSE:01757) Debt-to-Equity : 0.04 (As of Sep. 2023)

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What is Affluent Foundation Holdings Debt-to-Equity?

Affluent Foundation Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.4 Mil. Affluent Foundation Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.6 Mil. Affluent Foundation Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$86.4 Mil. Affluent Foundation Holdings's debt to equity for the quarter that ended in Sep. 2023 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 Affluent Foundation Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01757' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.33 Max: 0.77
Current: 0.04

During the past 9 years, the highest Debt-to-Equity Ratio of Affluent Foundation Holdings was 0.77. The lowest was 0.03. And the median was 0.33.

HKSE:01757's Debt-to-Equity is ranked better than
90.56% of 1526 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:01757: 0.04

Affluent Foundation Holdings Debt-to-Equity Historical Data

The historical data trend for Affluent Foundation 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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Affluent Foundation Holdings Debt-to-Equity Chart

Affluent Foundation Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.33

0.59

0.46

0.04

0.03

Affluent Foundation Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial											0.08	0.04	0.03	0.03	0.04

Competitive Comparison of Affluent Foundation Holdings's Debt-to-Equity

For the Engineering & Construction subindustry, Affluent Foundation 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.

Affluent Foundation Holdings's Debt-to-Equity Distribution in the Construction Industry

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

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

Affluent Foundation Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Affluent Foundation 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
	=	(1.822	+	0.325)	/	85.663
	=	0.03

Affluent Foundation 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
	=	(2.406	+	0.613)	/	86.37
	=	0.03

Affluent Foundation Holdings (HKSE:01757) 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.

Affluent Foundation Holdings Debt-to-Equity Related Terms

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Affluent Foundation Holdings (HKSE:01757) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Affluent Foundation Holdings Ltd (HKSE:01757) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Sha Tsui Road, Unit 903-905, 9th Floor, The Octagon, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.hcho.com.hk

Affluent Foundation Holdings Ltd is a subcontractor engaged in services related to foundation works including excavation and lateral support works, pile caps construction, and other services, such as demolition works, underground drainage works, earthworks, and structural steelworks. It is also engaged in leasing machinery to third-party construction companies. Geographically the group operates in Hong Kong. It derives revenue through the provision of contracting services.

Executives

Oriental Castle Group Limited	2101 Beneficial owner
Chan Siu Cheong	2201 Interest of corporation controlled by you
Chu Wai Ling	2202 Interest of your spouse

Affluent Foundation Holdings (HKSE:01757) Headlines

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