Rykadan Capital (HKSE:02288) Debt-to-Equity : 0.34 (As of Sep. 2023)

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What is Rykadan Capital Debt-to-Equity?

Rykadan Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$248.10 Mil. Rykadan Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$84.55 Mil. Rykadan Capital's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$974.53 Mil. Rykadan Capital's debt to equity for the quarter that ended in Sep. 2023 was 0.34.

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 Rykadan Capital's Debt-to-Equity or its related term are showing as below:

HKSE:02288' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.29 Max: 0.79
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Rykadan Capital was 0.79. The lowest was 0.13. And the median was 0.29.

HKSE:02288's Debt-to-Equity is ranked better than
70.44% of 1580 companies
in the Real Estate industry
Industry Median: 0.75 vs HKSE:02288: 0.34

Rykadan Capital Debt-to-Equity Historical Data

The historical data trend for Rykadan Capital'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.

Rykadan Capital Debt-to-Equity Chart

Rykadan Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.29

0.19

0.27

0.30

Rykadan Capital Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	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															0.13	0.27	0.21	0.30	0.34

Competitive Comparison of Rykadan Capital's Debt-to-Equity

For the Real Estate - Development subindustry, Rykadan Capital'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.

Rykadan Capital's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Rykadan Capital's Debt-to-Equity distribution charts can be found below:

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

Rykadan Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rykadan Capital'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
	=	(216.877	+	95.922)	/	1035.877
	=	0.30

Rykadan Capital'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
	=	(248.099	+	84.546)	/	974.525
	=	0.34

Rykadan Capital (HKSE:02288) 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.

Rykadan Capital Debt-to-Equity Related Terms

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

Rykadan Capital (HKSE:02288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rykadan Capital Ltd (HKSE:02288) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

135 Hoi Bun Road, Rooms 2701 and 2801, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.rykadan.com

Rykadan Capital Ltd is an investment holding company. Its businesses are Property development, Property investment, Asset investment and fund management, and Distribution of construction and interior decorative materials. The key revenue is derived from the Property development segment which comprises repositioning and value enhancement of property with a focus on development projects in prime locations in Hong Kong, the United Kingdom, and the United States. Geographically, it derives a majority of revenue from the United Kingdom.

Executives

Chan William	2201 Interest of corporation controlled by you
Rykadan Holdings Limited	2201 Interest of corporation controlled by you
Scenemay Holdings Limited	2101 Beneficial owner
Tiger Crown Limited	2401 A concert party to an agreement to buy shares
Li Wing Yin	2201 Interest of corporation controlled by you
Li Chu Kwan	2201 Interest of corporation controlled by you
Ng Tak Kwan

Rykadan Capital (HKSE:02288) Headlines

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