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LC Logistics (HKSE:02490) Debt-to-Equity : 0.05 (As of Dec. 2023)


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What is LC Logistics Debt-to-Equity?

LC Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$61 Mil. LC Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2 Mil. LC Logistics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,241 Mil. LC Logistics's debt to equity for the quarter that ended in Dec. 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 LC Logistics's Debt-to-Equity or its related term are showing as below:

HKSE:02490' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05   Med: 0.14   Max: 0.49
Current: 0.05

During the past 4 years, the highest Debt-to-Equity Ratio of LC Logistics was 0.49. The lowest was 0.05. And the median was 0.14.

HKSE:02490's Debt-to-Equity is ranked better than
93.98% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs HKSE:02490: 0.05

LC Logistics Debt-to-Equity Historical Data

The historical data trend for LC Logistics'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.

LC Logistics Debt-to-Equity Chart

LC Logistics Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.49 0.20 0.09 0.05

LC Logistics Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Debt-to-Equity 0.49 0.20 0.09 0.05

Competitive Comparison of LC Logistics's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, LC Logistics'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.

LC Logistics's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, LC Logistics's Debt-to-Equity distribution charts can be found below:

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


LC Logistics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LC Logistics'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
=(61.082 + 2.402) / 1241.32
=0.05

LC Logistics'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
=(61.082 + 2.402) / 1241.32
=0.05

* 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.

LC Logistics  (HKSE:02490) 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.

LC Logistics Debt-to-Equity Related Terms

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

LC Logistics (HKSE:02490) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:02130 HKSE:03399 HKSE:02482 HKSE:01442 HKSE:00500 HKSE:08310 HKSE:06123 HKSE:08047 HKSE:01292 HKSE:01732 UPS FDX XTER:DHL XSWX:KNIN OCSE:DSV SZSE:002352 ZTO JBHT EXPD HKSE:01519
Traded in Other Exchanges
N/A
Address
9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN
Website
http://www.burnasia.cn
LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.
Executives
Li Yan 2201 Interest of corporation controlled by you
Liu Quanxiang 2201 Interest of corporation controlled by you
Xu Xin 2201 Interest of corporation controlled by you
Grand Sailing Limited 2201 Interest of corporation controlled by you
Lecang Altitude Limited 2101 Beneficial owner
Glorious Sailing Limited 2101 Beneficial owner
Lecang Flourishing Limited 2101 Beneficial owner
Spring Wealth Limited 2201 Interest of corporation controlled by you
Lecang Shining Limited 2101 Beneficial owner
Peace Seaworld Limited 2201 Interest of corporation controlled by you

LC Logistics (HKSE:02490) Headlines

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