Hingtex Holdings (HKSE:01968) Debt-to-Equity : 0.11 (As of Jun. 2024)

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What is Hingtex Holdings Debt-to-Equity?

Hingtex Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$29.5 Mil. Hingtex Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.0 Mil. Hingtex Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$258.5 Mil. Hingtex Holdings's debt to equity for the quarter that ended in Jun. 2024 was 0.11.

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

HKSE:01968' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.16 Max: 0.39
Current: 0.16

During the past 10 years, the highest Debt-to-Equity Ratio of Hingtex Holdings was 0.39. The lowest was 0.09. And the median was 0.16.

HKSE:01968's Debt-to-Equity is ranked better than
73.63% of 929 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.41 vs HKSE:01968: 0.16

Hingtex Holdings Debt-to-Equity Historical Data

The historical data trend for Hingtex 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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Hingtex Holdings Debt-to-Equity Chart

Hingtex Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.20

0.15

0.13

0.12

0.16

Hingtex Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial													0.13	0.11	0.12	0.11	0.16

Competitive Comparison of Hingtex Holdings's Debt-to-Equity

For the Textile Manufacturing subindustry, Hingtex 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.

Hingtex Holdings's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hingtex Holdings's Debt-to-Equity distribution charts can be found below:

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

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Hingtex Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hingtex Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(32.431	+	0)	/	275.672
	=	0.12

Hingtex Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(29.451	+	0)	/	258.528
	=	0.11

Hingtex Holdings (HKSE:01968) 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.

Hingtex Holdings Debt-to-Equity Related Terms

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

Hingtex Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hingtex Holdings Ltd (HKSE:01968) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Gaoping Industrial Area, Guangdong Province, Zhongshan, CHN

Website

https://www.hwtextiles.com.hk

Hingtex Holdings Ltd manufactures and sells denim fabric. It sells denim fabrics and yarns directly to customers, which mainly include garment manufacturers. The company's denim fabrics are categorized into three types, namely non-stretchable denim fabrics, stretchable cotton denim fabrics, and stretchable blended denim fabrics. Geographically, it has a world-wide business presence and derives key revenue from the PRC and Hong Kong.

Executives

Manford Investment Holdings Limited	2101 Beneficial owner
Fung Cheong Chi	2202 Interest of your spouse
Lau Chung Chau	2201 Interest of corporation controlled by you
Li Chi Hiu Lawrence	2202 Interest of your spouse
Li Ka Mei	2202 Interest of your spouse
Tung Cheuk Ming Stanley	2201 Interest of corporation controlled by you
Tung Tsun Hong	2201 Interest of corporation controlled by you
Tung Wai Lai Mabel	2201 Interest of corporation controlled by you
Tung Wai Ting Stephen	2201 Interest of corporation controlled by you
Tung Wei Ling Barbara	2201 Interest of corporation controlled by you

Hingtex Holdings Headlines

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