Vedan International (Holdings) (HKSE:02317) Debt-to-Equity : 0.16 (As of Dec. 2023)

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What is Vedan International (Holdings) Debt-to-Equity?

Vedan International (Holdings)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$328 Mil. Vedan International (Holdings)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$37 Mil. Vedan International (Holdings)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,300 Mil. Vedan International (Holdings)'s debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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 Vedan International (Holdings)'s Debt-to-Equity or its related term are showing as below:

HKSE:02317' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.15 Max: 0.27
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Vedan International (Holdings) was 0.27. The lowest was 0.12. And the median was 0.15.

HKSE:02317's Debt-to-Equity is ranked better than
72.07% of 1647 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs HKSE:02317: 0.16

Vedan International (Holdings) Debt-to-Equity Historical Data

The historical data trend for Vedan 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.

* Premium members only.

Vedan International (Holdings) Debt-to-Equity Chart

Vedan International (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.16

0.14

0.22

0.16

Vedan 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															0.14	0.18	0.22	0.22	0.16

Competitive Comparison of Vedan International (Holdings)'s Debt-to-Equity

For the Packaged Foods subindustry, Vedan 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.

Vedan International (Holdings)'s Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vedan International (Holdings)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Vedan International (Holdings)'s Debt-to-Equity falls into.

Vedan International (Holdings) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vedan 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
	=	(327.863	+	36.987)	/	2300.439
	=	0.16

Vedan 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
	=	(327.863	+	36.987)	/	2300.439
	=	0.16

Vedan International (Holdings) (HKSE:02317) 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.

Vedan International (Holdings) Debt-to-Equity Related Terms

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

Vedan International (Holdings) (HKSE:02317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vedan International (Holdings) Ltd (HKSE:02317) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

National Road 51, Hamlet 1A, Long Thanh District, Phuoc Thai, Dong Nai Province, Ho Chi Minh, VNM

Website

http://www.vedaninternational.com

Vedan International (Holdings) Ltd is an investment holding company engaged in the manufacture and sale of fermentation-based food additives, biochemical products and cassava starch-based industrial products including modified starch, glucose syrup, Monosodium Glutamate (MSG), soda and glutamic acid (GA). The products are sold to food distributors, international trading companies, and manufacturers of food, paper, textiles, and chemical products in Vietnam, other ASEAN member countries, the People's Republic of China (the PRC), Japan, Taiwan, and several European countries.

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