Howkingtech International Holding (HKSE:02440) Debt-to-Equity : 0.05 (As of Jun. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Howkingtech International Holding Debt-to-Equity?

Howkingtech International Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$12.2 Mil. Howkingtech International Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$1.6 Mil. Howkingtech International Holding's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$266.8 Mil. Howkingtech International Holding's debt to equity for the quarter that ended in Jun. 2023 was 0.05.

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 Howkingtech International Holding's Debt-to-Equity or its related term are showing as below:

HKSE:02440' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.05 Max: 0.07
Current: 0.03

During the past 5 years, the highest Debt-to-Equity Ratio of Howkingtech International Holding was 0.07. The lowest was 0.04. And the median was 0.05.

HKSE:02440's Debt-to-Equity is ranked better than
95.32% of 342 companies
in the Telecommunication Services industry
Industry Median: 0.64 vs HKSE:02440: 0.03

Howkingtech International Holding Debt-to-Equity Historical Data

The historical data trend for Howkingtech International Holding'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.

Howkingtech International Holding Debt-to-Equity Chart

Howkingtech International Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.06

0.07

0.04

0.05

0.03

Howkingtech International Holding Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.04	N/A	0.05	0.05	0.03

Competitive Comparison of Howkingtech International Holding's Debt-to-Equity

For the Telecom Services subindustry, Howkingtech International Holding'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.

Howkingtech International Holding's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Howkingtech International Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Howkingtech International Holding's Debt-to-Equity falls into.

Howkingtech International Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Howkingtech International Holding's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(13.331	+	0.239)	/	285.973
	=	0.05

Howkingtech International Holding's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(12.226	+	1.567)	/	266.805
	=	0.05

Howkingtech International Holding (HKSE:02440) 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.

Howkingtech International Holding Debt-to-Equity Related Terms

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

Howkingtech International Holding (HKSE:02440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Howkingtech International Holding Ltd (HKSE:02440) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, East Mozhou Road, Jiangning Economic and Technological Development Zone, Building B4, Nanjing, CHN

Website

http://www.howkingtech.com

Howkingtech International Holding Ltd is a provider for data transmission and processing services for IoT applications and telecommunication equipment in China, serving a broad range of industrial customers. It mainly provides customized data transmission and processing services to customers in manufacturing, municipal services and other industries in China, and research, develop and sell telecommunication equipment.

Executives

Wang Zheshi	2101 Beneficial owner
Chen Ping	2202 Interest of your spouse
Howkingtech Holding Limited	2101 Beneficial owner
Jin Yan	2201 Interest of corporation controlled by you
Ban Lifeng	2201 Interest of corporation controlled by you
Xie Xiongqing	2201 Interest of corporation controlled by you
Ye Xiang	2201 Interest of corporation controlled by you
Ding Di	2201 Interest of corporation controlled by you
Wu Chak Man	2101 Beneficial owner
Ning Bo Hui Xin Zhi Yuan Tou Zi Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Ning Bo Xin Hui Qian Hai Gu Quan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Jin Yuan Zhang Fu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shen Zhen Hui Xin Qian Hai Gu Quan Tou Zi Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you

Howkingtech International Holding (HKSE:02440) Headlines

No Headlines