Miricor Enterprises Holdings (HKSE:01827) Debt-to-Equity : 0.88 (As of Sep. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Miricor Enterprises Holdings Debt-to-Equity?

Miricor Enterprises Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$59.2 Mil. Miricor Enterprises Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$62.1 Mil. Miricor Enterprises Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$137.5 Mil. Miricor Enterprises Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.88.

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

HKSE:01827' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.55 Max: 0.88
Current: 0.88

During the past 9 years, the highest Debt-to-Equity Ratio of Miricor Enterprises Holdings was 0.88. The lowest was 0.27. And the median was 0.55.

HKSE:01827's Debt-to-Equity is ranked worse than
56.82% of 88 companies
in the Personal Services industry
Industry Median: 0.735 vs HKSE:01827: 0.88

Miricor Enterprises Holdings Debt-to-Equity Historical Data

The historical data trend for Miricor Enterprises 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.

Miricor Enterprises Holdings Debt-to-Equity Chart

Miricor Enterprises Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.31

0.29

0.75

0.86

Miricor Enterprises Holdings Semi-Annual Data
	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												0.55	0.75	0.68	0.86	0.88

Competitive Comparison of Miricor Enterprises Holdings's Debt-to-Equity

For the Personal Services subindustry, Miricor Enterprises 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.

Miricor Enterprises Holdings's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Miricor Enterprises Holdings's Debt-to-Equity distribution charts can be found below:

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

Miricor Enterprises Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Miricor Enterprises 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
	=	(63.637	+	66.639)	/	150.713
	=	0.86

Miricor Enterprises 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
	=	(59.223	+	62.088)	/	137.525
	=	0.88

Miricor Enterprises Holdings (HKSE:01827) 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.

Miricor Enterprises Holdings Debt-to-Equity Related Terms

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

Miricor Enterprises Holdings (HKSE:01827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Miricor Enterprises Holdings Ltd (HKSE:01827) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Connaught Road Central, 18th Floor, Nan Fung Tower, Central, Hong Kong, HKG

Website

http://www.miricor.com

Miricor Enterprises Holdings Ltd is an investment holding company. The company is engaged in the provision of medical aesthetic services and the sale of skin care products. The company's only operating segment is the non-surgical medical aesthetic services and is principally engaged in the provision of medical aesthetic services and the sale of skin care products in Hong Kong and Mainland China. Geographically, it operates and derives revenue from Hong Kong.

Executives

Meitu, Inc.	2101 Beneficial owner
Sunny Bright Group Holdings Limited	2101 Beneficial owner
Lai Ka Yee Gigi	2201 Interest of corporation controlled by you
Ma Ting Keung Patrick	2201 Interest of corporation controlled by you

Miricor Enterprises Holdings (HKSE:01827) Headlines

No Headlines