Best Pacific International Holdings (HKSE:02111) Debt-to-Equity : 0.51 (As of Dec. 2023)

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What is Best Pacific International Holdings Debt-to-Equity?

Best Pacific International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,122 Mil. Best Pacific International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$527 Mil. Best Pacific International Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,214 Mil. Best Pacific International Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.51.

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

HKSE:02111' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.63 Max: 0.91
Current: 0.51

During the past 11 years, the highest Debt-to-Equity Ratio of Best Pacific International Holdings was 0.91. The lowest was 0.32. And the median was 0.63.

HKSE:02111's Debt-to-Equity is ranked worse than
54.89% of 940 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.435 vs HKSE:02111: 0.51

Best Pacific International Holdings Debt-to-Equity Historical Data

The historical data trend for Best Pacific International 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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Best Pacific International Holdings Debt-to-Equity Chart

Best Pacific International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.91

0.81

0.71

0.73

0.51

Best Pacific International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.71	0.72	0.73	0.62	0.51

Competitive Comparison of Best Pacific International Holdings's Debt-to-Equity

For the Textile Manufacturing subindustry, Best Pacific International 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.

Best Pacific International Holdings's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Best Pacific International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Best Pacific International 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
	=	(1121.973	+	527.18)	/	3214.318
	=	0.51

Best Pacific International Holdings's Debt to Equity Ratio for the quarter 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
	=	(1121.973	+	527.18)	/	3214.318
	=	0.51

Best Pacific International Holdings (HKSE:02111) 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.

Best Pacific International Holdings Debt-to-Equity Related Terms

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

Best Pacific International Holdings (HKSE:02111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Best Pacific International Holdings Ltd (HKSE:02111) » Definitions » Debt-to-Equity

Traded in Other Exchanges

NWQ:Germany

Address

Xinsha Port Industrial Park, Machong Town, Dongguan, CHN

Website

http://www.bestpacific.com

Best Pacific International Holdings Ltd is a textile manufacturing company. The company, along with its subsidiaries, is a lingerie materials manufacturer that provides one-stop solutions through its comprehensive product line of both lingerie materials and sportswear materials. Its segments are the Manufacturing and trading of elastic fabric and lace and the Manufacturing and trading of elastic webbing. Manufacturing and trading of elastic fabric and lace segments derive maximum revenue for the company. The company's operations are spread across Hong Kong and the People's Republic of China.

Executives

Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Zhang Haitao	2202 Interest of your spouse
Zheng Tingting	2101 Beneficial owner
Fmr Llc	2201 Interest of corporation controlled by you
Mega Brilliant Enterprises Limited	2101 Beneficial owner
Fidelity Puritan Trust	2101 Beneficial owner
Lu Yuguang

Best Pacific International Holdings (HKSE:02111) Headlines

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