Weili Holdings (HKSE:02372) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is Weili Holdings Debt-to-Equity?

Weili Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$32.8 Mil. Weili Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil. Weili Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$240.9 Mil. Weili Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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

HKSE:02372' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.17 Max: 0.25
Current: 0.14

During the past 5 years, the highest Debt-to-Equity Ratio of Weili Holdings was 0.25. The lowest was 0.10. And the median was 0.17.

HKSE:02372's Debt-to-Equity is ranked better than
67.57% of 37 companies
in the Tobacco Products industry
Industry Median: 0.26 vs HKSE:02372: 0.14

Weili Holdings Debt-to-Equity Historical Data

The historical data trend for Weili 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.

Weili Holdings Debt-to-Equity Chart

Weili Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.25

0.21

0.10

0.14

Weili Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.10	0.05	-	-	0.14

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

For the Tobacco subindustry, Weili 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.

Weili Holdings's Debt-to-Equity Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Weili Holdings's Debt-to-Equity distribution charts can be found below:

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

Weili Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Weili 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
	=	(32.813	+	0)	/	240.861
	=	0.14

Weili 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
	=	(32.813	+	0)	/	240.861
	=	0.14

Weili Holdings (HKSE:02372) 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.

Weili Holdings Debt-to-Equity Related Terms

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Weili Holdings (HKSE:02372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Weili Holdings Ltd (HKSE:02372) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Industrial Park, Hong’an County, Hubei Province, Mi’ersi Town, CHN

Website

http://www.weiliholdings.com

Weili Holdings Ltd is a cigarette wrapping paper manufacturer in China with research and development capabilities to supply customized products to customers. The company mainly supply products to cigarette packaging manufacturers operating in various provinces in China, mainly including Hubei and Henan. The products sold by the company are used in the manufacture of cigarette packaging for well-known tobacco brands in China.

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